Dennis Mong

Certified Real Estate Broker

Blue Sky Region Realty Inc., Brokerage*

199 Main Street East

North Bay, ONP1B 1A9

Office: 705-474-4500
Office Fax: 705-474-6265
Cell: 1-705-498-8878
Direct: 1-705-498-8878
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North Bay Real Estate Good Investment !

Well, the law of economics never changes, when interest rates are low,  house prices goes up!  4 decades of selling real estate in North Bay, has confirm to me that Real Estate is a great investment.  The average sales price in 1972 was $24,860 as compared to 2012  $235,500 !  Wow that's 350% increase averaging over 8% a year, did your income gone up by that much?  Probabely not!

 I urge anyone that are renting now and paying more than 8 to 1000 dollars a month for rent should investigate in buying a home !  Mortgage rates are under 3%, unbelieveable, I never remember it being that low since I have been in real estate 40 years ago!  Take advantage of it, the reason you are not buying is

  •  You don't have a downpayment
  • Scare you can't get a mortgage
  • Just started a new job
  • Bad credit in the past
  • My parents told us to wait
  • We're too young or we're too old

I am sure you have another hundreds of Reasons why you are not buying, can you afford to wait?

From the past years the average increase on Real Estate is more than 8% that's over $16,000 a year, so you are paying $1,000 a month in rent, yep out the window, where as if you bought a home you would have pay that in your mortgage payment maybe less and have over a $16,000 increase in your home.  Pretty simple math if you ask me, but how can I convince you?  There is no Gimmicks, no trickery, it's a secret that a few people know how to put together.  Call or email me, no obligations!  or see your Realtor that has the knowledge to put the deal together for you.  Happy hunting for a home!

If the Realtor you choose cannot help you, then call me! 

Dennis Mong, 705-498-8878 or email me dennismong@hotmail.com

 

 

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