To Buy a Home or Rent: That is the Question…….

I’ve become aware in my few years working as a realtor with Weichert Realtors/Paupack Group that many people in our Northeast PA area decide not to buy a home at all but aim, instead to save some cash and rent their home.  This can certainly be logical for any number of reasons – they may feel that it makes more sense to work on rebuilding their finances or to put some extra cash into a rainy day fund, save for retirement, or for college.

These are definitely laudable strategies, but the new long term – big picture reality – seems to be taking shape where renting may not be as much of a cost saver as most people think!

Yes, I know, it is my job as a realtor to help people buy homes, but, it is also very important for me to help my customers make the best financial decision that is right for them and their family.  So, as Spring is upon us, I am especially delighted to be able to report on a piece of information I found that may surprise you!

The latest published Trulia Spring 2012 Rent versus Buy index basically takes data from 100 major city markets and found that 98% of those 100 areas currently offer a cheaper environment in which to buy a home than to rent it! To come to this conclusion, Trulia checked out the asking prices of national rentals and homes for sale. The total numbers included insurance, taxes and maintenance costs in the calculation. With low interest rates making the monthly mortgage cost lower, and high rental rates bringing the rental rate higher, many would-be renters might now find themselves looking at a surprising new reality — affordable homeownership!

So, just sayin’, if you’re considering renting or buying a home in our beautiful Northeast Pa area, why not sit down with me in our Weichert Realtors/Paupack Group office to run your numbers first?  I am happy to schedule time to discuss your needs before you sign that lease.

Today it is entirely possible that for you, owning a home will just be cheaper than you think!

Helping you find your way home

Lauren Bianco, Weichert Realtors/Paupack Group

Continue reading

I thought I was worried about our local Northeast PA housing? But, maybe not!

 Well, if you were among the thousand or so consumers who got a phone call last month from Fannie Mae, and you actually took the time to answer the 100+ questions they asked – on behalf of the rest of us – I’d like to say ‘thank you very much!’ because you and your fellow survey subjects have sent a big warm ray of light our way………                     You told us that you think things are finally getting better!!Image

 Now, as you may or may not know, Fannie Mae’s National Housing Survey provides a look into opinions about things like owning and renting homes, household finances, housing and the economy, etc and considered to be the most comprehensive measure of consumer attitudes toward the housing market. And, since they do them religiously every month, it’s a fair signal whether attitudes are beginning to turn up or down.

 So, according to you and your 1,000 fellow respondents, homeowners who have been considering listing their home for sale might have reason to be more inclined to do so. This is because they believe that home prices will increase over the next 12 months. The number of respondents who say it’s a good time to sell rose to the highest level in over a year; and a solid 65% say they – if they were going to move –  would rather buy than rent their next home

On the subject of personal financial expectations, only 12% think that their financial situation will worsen in the coming 12 months, which represents the lowest value in over a year. Fewer believe their expenses have increased significantly in the last year; and only one in seven report that their income is lower than it was a year ago.

Generally, local attitudes tend to echo their findings, if for no other reason than Fannie Mae’s headline: “Consumer Attitudes about Personal Finances and Housing Stabilize Alongside Positive Economic News.” That’s a lot to say but, whenever I see the words ‘Housing’ and ‘Positive’ in the same headline, it makes me just a little happier!

 I think it’s good news and I wanted you to know!

So, if you’re planning to put your own local property for sale, why not give my office a call? I won’t ask you 100 questions like Fannie Mae did but I will be ready to answer all of yours!

 

 

 

Country Comfort-Living in Tanglwood Lakes Estates, Greentown, PA

ImageIf you’re looking for a vacation getaway with some real style, check out Tanglwood Lake Estates in Greentown, Pa.  Tanglwood Lake Estates is a residential community with its very own sparkling 34 acre lake and, also shares lake rights and a sandy beach with our magnificent Lake Wallenpaupack!

Tanglwood Lake Estates is a 900-acre planned community with over 500 single homes that sit on 1/2 to full-acre sites and for added benefit, borders Pennsylvania State Game Lands.

Part of Tanglwood Lake Estates uniqueness is that it designs its recreational activities around the full enjoyment of our abundant natural surroundings.  The lake is available for fishing and gliding around in your canoe or kayak along with over 42 acres of nature trails, wildlife preserve and a trout stream. This special nature preserve includes a one-mile walking path on Tanglwood Drive and, be sure to keep your eye out for wildlife, native plants and a trout stream on your way through!

Tanglwood also boast a privately owned and operated Paupack Hills Golf and Country Club throughout the community and membership is available to home owners. There is a beautifully landscaped 18-hole golf course, clubhouse, restaurant, pool and racquet ball courts all for your esthetic pleasure!

And there’s more! Tanglwood also has its very own 6-acre guarded sandy beach area just for the Tanglwood Lakes residents with a private beach, picnic gazebo, volleyball and playground and a boat marina with a 106 slip dock area and a launch ramp to accommodate residents. 

The homes in this fine community are unique and varied in their style and if you’d like to take a look at some of them, click here for the current homes for sale. Image

Click here to see a virtual tour of some of the pretty scenes @ Tanglwood Lakes Estates and then come visit Tanglwood Lake Estates and see for yourselves what a vacation home in country comfort feels like!!

 

 

 

Cobbs Lake Preserve, Lake Ariel, PA: A Natural Jewel for Country Living

In my travels around our gorgeous homeland of Northeast PA, I have – what I believe to be – is a privilege to explore some very fine residential communities.  And, the one I toured today was Cobbs Lake Preserve in Lake Ariel, Wayne County.  

This year-round residential development is a very unique wooded and private community of 540 acres – 400 of them natural preserve land with a pristine non-powerboat lake. The lake is stocked for the leisurely afternoons fishing on the 42 acres lake or just to meander around the many coves in your rowboat or canoe. Then, put your walking shoes on and explore the seemingly endless hiking and walking trails in surroundings its’ association membership is tirelessly committed to preserving.

Their mission is to maintain and balance the natural environment of a well- protected forest; to keep the forest healthy and productive, to help improve the wildlife habitat, conserve the soil and water and the general aesthetics of the environment and, at the same time – balance the support services and resources for its vital and active homeowner- community.

Cobbs Lake Preserves association dues are fairly minimal in light of everything it is committed to. For 940.00 (2011 season fee) the dues include trash disposal, road maintenance, the community well source and club house. 

A very special community indeed and if you’d like to learn more about the unique wooded enclave visit them @ cobbslakepreserve.net or www.instapage.org/cobbs. 

And, click here If you’d like to see what’s for sale in Cobbs Lake and become a homeowner in one of Pennsylvania’s prettiest communities,