What is your best option, renting or buying? What is right for one person may not be right for another, which is why it’s important to know what the best option for your individual situation is. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know there are a number of reasons why someone may either choose or be forced to rent, including sporadic or unpredictable income, unpaid collection accounts or judgments, frequent relocating for employment or the inability to save enough money for a required down payment on the purchase of a home. If you have steady income with a good employment history and can provide a down payment of at least 10-20 percent of the purchase price and are current with all debts, it may be time to consider buying a home instead of renting. In some cases, the cost of rent may even exceed that of a typical mortgage payment. Check out below to see what sold in Royal Crown in February 2016:
22604 Bertram Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,509 sq. feet, 2 car garage, Sold Price: $378,000
Royal Crown Home Sold
February 2016
If you have decided to buy a house your job stability is a big factor. If your job does not require frequent relocation and you plan to live in the home for at least 5-10 years, you may want to consider making the purchase. If you need to relocate after that, you may have enough equity from the sale to use as a down payment on another home. For more information on Royal Crown, or similar Northville or Novi neighborhoods such as Turtle Creek, Roma Ridge and Dunbarton Pines, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.