The decision to purchase a home is
a highly personal one, based on both tangible and
Beyond your personal situation, local market
conditions, financing costs and future expectations must
also be evaluated.
The following list of questions can help you decide if
you are ready to move forward with an Ocean City Real
Estate purchase. Your Island Realty Group Agent can help
you sort through these issues and provide essential
local market perspectives.
1/ If you purchase a home, is it for personal use or an investment?
2/ What can you afford to pay each month for housing-related expenses?
3/ What are the total costs of home ownership? These may include:
b/ Property Taxes
c/ Homeowner's Insurance
e/ Maintenance Costs
f/ Condo Dues
g/ Any other special fees?
Do you expect these housing-related expenses to
increase or decrease?
5/ What additional expenses are required to complete a purchase? (closings
6/ How much will you home ownership costs decline after adjusting for
interest expense deductions and property taxes
7/ Are local market prices favorable to purchasing? What are your
expectations to future prices?
8/ Do you qualify for special purchasing assistance programs that can help
reduce the costs of home ownership?
1/ If you are a now a renter, what
are your total housing expenses?
2/ How does renting vs. buying factor into your long-term investing goals?
1/ What are your personal preferences regarding the type of housing you
wish to live in?
2/ How does location factor into your housing preferences?
3/ How do you expect your personal situation to change, in terms of future
4/ What are your expectations concerning future employment?
5/ What are your long-term personal and financial goals, with regard to