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To Buy or Not to Buy Mahoning County Real Estate

In today´s market here in the Mahoning Valley if one has a steady job and is not too deeply in debt, he is foolish if he has not become a home owner.  The advantages of Mahoning County real estate home ownership far outweigh the disadvantages.

The greatest advantage certainly is that when one is making a monthly payment on his home mortgage, a buyer is paying himself and developing equity which, as this continues, is like putting money in the bank each month.

  • Payments lower the mortgage while the home is increasing in value.
  • The longer one makes payments on their Mahoning County real estate, the more equity is built on the investment.  This affords the purchaser the opportunity to borrow additional money to make improvements or pursue other financial endeavors. 
  • Another advantage of purchasing a home is the interest on the mortgage and real estate taxes are deductible. 
Following are some reasons people avoid home ownership:
  1. Some people avoid home ownership because they are afraid of the long term commitment to repairs and maintenance.
  2. Some do not have the down payment, but that is not a problem in today´s financial world.  There are plentiful zero-down loans available to qualified buyers. 
  3. Some are unsure where they want to live and have jobs that require that they move from place to place.  Renting means ease of movement from one city to another without the burden of selling a home. 
  4. Then there are those who believe they can make more money in investments than in the purchase of a home.  The recent stock market has proven that to be erroneous.
  5. Many simply do not want to be tied down.  Their lives are "footloose and fancy-free"; they are single and are holding off until they marry to make that purchase.  Since men and women alike are marrying later in life, they could be losing valuable years of equity gain by not purchasing sooner.
To discuss this topic and any others relating to Mahoning County real estate issues, call the dream builders.  You'll be getting the "Power of Two" when you call REALTORS® Bernie and Dom Marino.  

You can reach Bernice at (330) 219-8653 or call Dom at (330) 219-4417.  Contact us today!  We look forward to hearing from you.

Phone Bernice: (330) 219-8653
Phone Dom:  (330) 219-4417
Email:  bernice@MarinoHomeTeam.com  

Read More:

To Buy or Not to Buy Mahoning County Real Estate
08/27/2008


Making An Offer 07/23/2008

Staging Your Home Part II
06/26/2008


Staging Your Home - Part I
05/27/2008


Setting the Right Price
04/28/2008


What Can A Seller Expect?
03/26/2008


More Tips on Preparing Your Home for Sale
02/26/2008

Winter Tips for Spring Selling II
01/26/2008

Winter Tips for Spring Selling I
12/26/2007


Why Using a Real Estate Professional is a Wise Decision
11/26/2007


What You Always Wanted to Know About Title Insurance
10/25/2007

What Happens After the Purchase Agreement
09/24/2007



Blog Archive Log


Bernice and Dom Marino
Northwood Realty Services
8230 East Market Street
Warren, OH 44484

Call Bernice at:  (330) 219-8653
Call Dom at:      (330) 219-4417
Office Fax:         (330) 856-6107
E-Mail: bernice
@marinohometeam.com