Hello Again,
I am Lee Williams with Keller Williams Realty and here is your question of the day.
With the low interest rates and low home prices. Sebastian wrote: Should we rent or buy our next home in Palos Verdes?
Each situation is unique but we can take a look based on average cost of each.
To see the home you can afford for $1,160,000 in Rancho Palos Verdes and Rolling Hills Click Here
First: there are 63 homes currently for Lease in Palos Verdes with the average rent being $4,552
If we take that rent of $4,550 and put it towards a mortgage at 4.25% we could afford a mortgage amount of $925,000
If you have 20% down that means a purchase price of $1,160,000. Less if you have less of a down payment. And there are lenders who are approving loans with as little as 3.5% down.
So I guess the real question is what can you get for $1,160,000 in Palos Verdes. You’ll have to click the link below to see what we have for you today. Or you can visit http://LosAngelesSouthBay.com to search for homes all over the Los Angeles Area.
If you are curious about the tax benefits of home ownership please contact a reliable tax consultant.
We welcome your questions and the opportunity to help you find your next new home. Give us a call today.
About the Author
Lee Williams
Top South Bay real estate agent with Keller Williams Realty. Visit http://LosAngelesSouthBay.com
for real estate market details.
