House Hunt: Rockland County, June 9th

Owning vs Renting a Home
Buying a home in order to build equity is one of the main financial reasons prospective buyers jump into the market, but many people also yearn for the satisfaction of home ownership.
Reasons to rent

1. Flexibility: Learning the area of interest before you buy.
2. Uncertainty in your career. Not sure where your job might take you.
3. Uncertainty in income.
4. Gives you time needed to repair credit score.

Reasons to Buy

1. Equity: When you pay rent, you do not own anything. When you pay a mortgage, you increase our ownership with every payment.
2. Tax Deduction: you can deduct interest and property taxes. Renters have no deductions.
3. Creative control: When you rent, you are limited to what you can do. When you own, you make the rules.

It is best to speek with your financial adviser to see which works best for you. Owning a home is the american dream, just make sure your dream does'nt turn into a nightmare. It is always best to live in your house, not for it.

Rockland County Housing Statistics(Activity last 30 days source MLS)
                                            Houses                            Condos
Total Inventory                    1292                                    370
Under Contract                      197                                     58
Title Transfer                          97                                      30

Hello my name is Michael Rizzuto and I’m a licensed real estate agent with Coldwell Banker- Regional Sales Office in New City, NY. This column will list the open houses for the upcoming weekend and give the current housing market statistics for Rockland County. If you have any real estate questions, please feel free to Email me at: Michael.Rizzuto@cbmoves.com