Dayton Oh Home Buyers Should Consider All Cost

Dated: 01/12/2013

Views: 8036

Which do you think matters more when waiting for the right time to buy a home? Is it securing a low purchase price, or locking in a great financing rate?

I often see my Dayton, Ohio area buyers think that it’s the purchase price when they’re considering whether or not to buy. The question I  hear is the same: “Has the market bottomed out yet?” (Yes it has!)

While negotiating a great price is an important part of the equation, the value of securing a low interest rate cannot be overstated. The most punishing part of missing great financing is the net impact on your monthly payment. Even a 1% increase in your mortgage rate can end up costing as much as a 10% increase in your monthly payment.

I often tell my buyers: “Price should not be the sole concern. Given the complexities of price, property taxes, financing terms, and the larger tax implications of home ownership, it truly pays to consult with an agent who can help you weigh the pros and cons and help you make the right move.

I’m always happy to work with you to navigate the market, negotiate price, and put you in touch with mortgage professionals who will help you get the best rate possible. Contact me today and I can help you explore your options:  Call Realty Central at (937) 873-9466 or Visit Us Online at RealtyDayton.com

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David Cooper

Real Estate Broker....

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