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Rent or Buy? 78% of major cities it is cheaper to buy.

by Justin Willard

According to Trulia's rent vs. buy index it is cheaper to buy a home than to rent one in 39 of the nation's 50 largest cities.  This report compares the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of April 1, 2011.  Although Walden Lakes is not mentioned in the figures, this report gives you a very good overview of our nation.

The index used below considers the total cost of homeownership compared to the total cost of renting. Calculations for the total cost of homeownership include mortgage principal and interest, property taxes, hazard insurance, closing costs at time of purchase, homeowners' association dues and private mortgage insurance.  The homeownership cost calculation also includes tax advantages from mortgage interest, property tax and closing-cost deductions.

Calculations for total rental cost include rent and renters insurance.

Top 10 cities to buy vs. rent:  

1 to 15 - much cheaper to buy than to rent

16 to 20     - more expensive to rent than to buy (depending on personal circumstances,   buying could "make financial sense,"

above 20 -  indicates that owning is much more costly than renting in a city

 

 As many home prices are still falling and more foreclosures are expected to flood the housing market over the next two years, the decision between renting and buying has swayed toward buying.  However, not everyone is in the current situation of renting, it may be that you are on the other side of the coin and are facing possible foreclosure.  Please, don't wait, let us help you through this difficult time and help you avoid foreclosure.  We understand that some homeowners are still confused and wondering what their options are, call now to speak with the Willard Realty Team.

Those looking to buy a home should be encouraged by the market and feel optimistic about their chances of finding an affordable home -- much more so than in previous years.

Looking at the Market Update in Walden Lakes we currently have one active listing.  This home is 1846 sq ft and 3 bedrooms with a listing price of $239,900 (reduced from $249,000).

From the beginning of this year a total of 5 homes have closed with an average selling price of $218,000.  Most of these homes were 3 bedrooms and had an average size of 1694 sq ft.

To learn more about this community, contact the experts at The Willard Realty Team.

Want to be the first to hear about new listings?  Let us do the work for you and keep you informed via email.  Or get an analysis of your approximate home value delivered direct to your inbox.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

Walden Lake Real Estate and Information

by Justin Willard

Walden Lake - Pembroke Pines

Walden Lake - Pembroke Pines -Web Page

Claudia and Justin Willard just released another neighborhood web page devoted to the community of Walden Lake located in the city of Pembroke Pines, Florida.  The new Walden Lake site provides a wealth of information on the community's location, amenities, shopping and dining, parks and recreation, living, schools, health care and transportation.  In addition, the site offers down-loadable Walden Lake model floor plans as well as a full community site plan.  Having the site plan and floor plans handy can be very vaulable when comparing one community to another or when trying to decide which model home best meets your needs.

The site offers home buyers the opportunity to search homes available for sale in Walden Lake.  While viewing the site, don't forget to sign up to be notified via email the moment new homes hit the market in the community. Doing so will ensure that you have a chance to see new homes as soon as they become available and before other buyers snap them up.  Don't let the perfect home get away.  Sign up today for the opportunity to be the first in the door.

If you want to know what your Walden Lake home is worth you'll appreciate the free CMA offer?  Sign up to receive a free (CMA) Comparative Market Analysis of your home's value via email without having to speak to an agent!

The site also hosts a link where homeowners struggling with their mortgage can receive information on avoiding foreclosure

Justin and Claudia Willard created this sites to serve as resource for the community and are glad to share their knowledge of Walden Lake and Pembroke Pines.  To speak with a member of the Willard Realty Team please call 954-745-4735 or send us and email at info@willardrealtyteam.com  

We hope you find the Walden Lake site useful and informative. To see a full list of South West Broward community sites click on our home page at www.dadebrowardproperties.com  Remember to check back often as we are regularly adding new community pages to our site.

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