Saturday, November 29, 2014

Rent Just Keeps Going Up--Rent vs Buying a Home

Rent just keeps going up.  At what point, is it a better financial decision to buy?  Take a look at this Rent versus Buy Calculator found on the Business Section of the NewYork Times. This will give you an idea of the costs of renting compared to what you might be paying to buy a home. 
Before buying a home,  people consider many things.  Most importantly are the finances. Will I be able to afford it?  What if I lose my job?   Both important questions.   
How can I find out what I can afford?   While this Rent versus Buy calculator, gives you an idea of what you might be able to afford in a mortgage, it is important to talk to a lender, who compares your income to debt ratio to know what you can get qualified for in a home loan.   Even if you are not quite there, lenders can help you see where you are at and where you need to be.  
Many buyers worry, What if I lose my job?  However, realistically this will be a concern even if you rent.  You would have to do the same thing if you rent or own.  You use savings, borrow from family, you get unemployment or work hard to find another job. Landlords, like bankers, won't let you go months without paying the rent.  Most lenders look at your past two years of employment.   
With rents continuing to climb, this Rent versus Buy Calculator can help you determine the right time to buy and the cost of waiting or missing out.  

Written by Virginia Hall ● Keller Williams Realty ● (619)258-8585

Monday, August 18, 2014

Mission Martinique Condominium Complex in West Santee

Looking for a condominium that has a garage, patio, safe neighborhood, with great schools? Look no further.  The well maintained Mission Martinique condominium complex is located off Mission Gorge Rd. and  Crossway Ct. or Caribbean Way, in the west end of Santee.  The popular 88 unit complex was built in 1985 and qualifies for both FHA and VA financing.  The complex has 22 buildings with 4 units in each building.    67% of the units are owner occupied.  Only about 4 to 5 homes sell a year on average in the complex.   
The cozy homes have 2 and 3 bedrooms with 1.5 to 2 bathrooms.  The square footage ranges from 908 to 1,086.  The townhomes and single story downstairs units have enclosed patios and the single story upstairs units have a balcony.   

Each unit has a laundry closet inside, as well as a one car garage and along with an additional assigned parking space.  Additional limited visitor parking is available where marked for up to 48hrs.   Additional leased parking spaces are available near the pool area off of Crossway Court, marked in yellow as “reserved”, for an addition $25/month.  

The complex is located not far from the Mission Trails and Big Rock Park, minutes to the 52 and 125 freeways and Town Center shopping.  
The HOA dues presently run $255 and cover exterior maintenance, exterior Building Maintenance, Limited Insurance, and trash pickup.   The fenced community pool is centrally located. 

A five member board directors elected annually governs the 88 unit complex with the help of the property manager Professional HOA Consultants (619) 229-0044.   Board Meetings are held on the fourth Tuesday of each month at 5:30 p.m. in Suite C of the Professional HOA Consultants office. 

For more information about the complex you visit their website at 

Looking for a unit to buy, see featured listing on my website or the 8765 Crossway Ct #79 Virtual Tour .
Written by Virginia Hall ● Keller Williams Realty ● (619)258-8585