Tag Archives: home owners

Why Experts Urge Their “5-Year Rule”

Even some veteran renters are looking at today’s housing market and wondering whether it’s time to start an Eastern Monmouth County home search. With prices and mortgage rates as low as they are while rents continue to move higher, the numbers point to home ownership as an ever more obvious choice.

But that’s just the quick, back-of the envelope budget equation: monthly rent vs. mortgage payment less tax savings. If this Summer finds you at the start of your own Jersey Shore home search, many financial advisors recommend that you also consider another rule of thumb – you should plan to stay in your new home for at least five years.
Continue reading

Posted in Bradley Beach Information, bradley beach real estate, Bradley Beach rentals, Buyers, Financing, home price, home sales, inventory, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, Real Estate Market Trends, Real Estate News, Real Estate Trends, Rental Market, Sellers | Tagged , | 1 Comment