Day: May 24, 2011

Home Price VS. Cost

Home Price vs. Cost

Unless buyers are paying all cash, a potential purchaser should consider the COSTof a home more than the PRICE of a home. Obviously, the price is a major component of cost. However, mortgage rates and other expenses associated with attaining a mortgage also impact cost – what the buyer will pay every month. Interest rates and other mortgage expenses are projected to increase later this year.