Home Prices are On The Rise in New Port Richey Florida

Home prices are on the rise in New Port Richey Florida and

 this is the best time to sell or buy a home in New Port Richey. You can easily sell your home and purchase either a downsized home or buy up to a larger home and take advantage of the low mortgage loan interest rates.  Although the prices of homes are rising, home buyers are still getting low interest rates and if you have not owned a home in the last 5 years or you are a first time home buyer you may qualify for tax incentives for first time home buyers. 

Owning a home in New Port Richey or Port Richey Florida is

still more affordable than renting a home. You can get a Florida Homestead Exemption on your homes taxable value if the home is your primary residence which reduces your homes taxable value by at least $25,000.  With lower interest rates, a $100,000 home loan at 5% interest for 30 Years is $536.82 a Month. (principal and interest only) so if you are renting for $750 or $800 a month, you can own your own home for less money per month that you are throwing away on rent.  If you don't think you can get a mortgage loan, contact me and I will direct you to a mortgage professional who can give you answers you need and advise you on way to fix any issues and be able to buy in the next 6 months to a year.

My business is here to assist you in selling or buying residential real estate in New Port Richey, Port Richey and Trinity Florida.  Contact me today to discuss your real estate needs and goals and how I can help you and your family reach your goals.

                 

written by Michael J Gallo