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I am excited to help you in your search of homes for sale in the neighborhoods of Bergen County including: Fair Lawn, Franklin Lakes, Glen Rock, Haledon, Hawthorne, Ho-Ho-Kus, Mahwah, Midland Park, North Haledon, Oakland, Ramsey, Ridgewood, Saddle River, Waldwick, and Wyckoff
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When It’s Time To Make Your Move...

Buying A Home Is Now 38% Cheaper Than Renting!

“This is a great article from Forbes magazine. This is exactly what is happening in Bergen County!”

Is renting or buying a better financial bet? Every six months, Trulia’s chief economist Jed Kolko runs the numbers to answer that

question and help you stay on top of the trends. So what does Trulia’s Winter 2014 Rent vs. Buy Report tell us? Although the gap

between renting and buying is narrowing across the U.S., homeownership is still 38% cheaper than renting.

Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas according to Trulia ’s latest Winter

Rent vs. Buy report. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently

dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally, versus being

44% cheaper one year ago.

The rent versus buy math is different in each local market. Buying ranges from being just 5% cheaper than renting in Honolulu to being

66% cheaper than renting in Detroit. But even for a specific market, the cost of buying versus renting depends on how much home

prices rise (or fall) after you buy. Our model assumes conservative home price appreciation, but – as we all know after the last decade

– home prices can unexpectedly rocket or plummet.

Buying Beats Renting Until Mortgage Rates Hit 10.6%

Even though prices increased sharply in many markets over the past year, low mortgage rates have kept homeownership from

becoming more expensive than renting. Also, in some markets, like San Francisco and Seattle, rents have risen sharply; rising rents

hurt affordability relative to incomes, but rising rents make buying look cheaper in comparison.

Will renting become cheaper than buying soon? Some markets might tip in favor of renting this year as prices continue to rise faster

than rents and if – as most economists expect – mortgage rates rise, due both to the strengthening economy and Fed tapering. For

each metro, we identified the mortgage rate “tipping point” at which renting becomes cheaper than buying, given current prices and

rents. If rates rise, Honolulu would become the first metro to tip, at a mortgage rate of 5.0%. San Jose and San Francisco would also

tip before rates reach 6%. But those are the extreme markets. Nationally, rates would have to rise to 10.6% for renting to be cheaper

than buying – and rates haven’t been that high since 1989.

“This is what will drive prices higher, so it will become important to act as soon as possible and take advantage of the appreciation!” Call me and we can make a plan for you to own your home! 201-774-3216 You can see the complete article at

Why Me, Why Now?

You can't afford to buy or sell a new home without the factual market information. In today's housing marketing, you need all the certainty you can get. You deserve that. I strive to give you answers at every level… on your neighborhood, the competitive alternatives and seller and buyer motivations. The most powerful tool of its kind is the best market intelligence provided by the largest and best marketing network. Weichert, Realtors and the power of the best negotiator on your side. Know First, Know Faster and Know when you need it most… Have A Market Advantage with Stephanie Whether you are looking to buy or sell, you deserve someone you can trust and rely on for a smooth and well executed transaction every step of the way.

Why Rent When You Can Buy?

The Knight Advantage 1. If You want to get the most buying power with an action plan to build your financial future... 2. If You want to negotiate from a position of strength... 3. If You want to obtain the true value of your purchasing power... 4. If You want to work with the best marketing knowledge for a strategic advantage... Then YOU need The Knight Advantage... Call Stephanie now... 201-774-3216
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Before you make your next move…
Call Stephanie Now...201-774-3216