Carol Van Wagner
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August 2006   
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In This Issue:

Ocala Dream Living Links
The Importance of a Home Inspection
Don't Depend on "Do it Yourself"
Approach Adjustable Rate
Mortgages with Caution

Visit the Funny Farm
Mortgage Calculators
Local Information
In My Garden
Lupo's Pet News
New York Times Books
Contact Carol
A Note from Patti

June 2006 Newsletter

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Carol J. Van Wagner
GRI, E-Pro
Coldwell Banker Ellison
352-572-4259




Hi, my name is Patti, I am Carol's Virtual Assistant.  If you have information related to Ocala or Real Estate please email it to me, and I will try and include it in the newsletter.

To Buy Or Not To Buy; NAR Consumer Brochure Answers The Question
by realtor.org

WASHINGTON (July 19, 2006) – Renting can cost more than seven times annually than owning, according to a newly revised consumer education brochure from the National Association of Realtors®. The brochure, “Why rent when you can buy?” challenges certain assumptions about renting versus buying and helps Realtors® evaluate with their clients and customers whether homeownership is right for them.

“Housing is a good investment, and owning a home makes sense for a lot of current renters, but many would-be homeowners are reluctant to take those first steps,” said 2006 NAR President Thomas M. Stevens, senior vice president of NRT Inc., from Vienna, Va. “Given their experience with homebuyer concerns and insight into local markets, Realtors® can counsel consumers about their options and provide the information and support people need to begin their journey toward homeownership.”


The Federal Reserve Board estimates that homeowners have a net worth nearly 36 times more than that of renters. Over the past 10 years, the cost of rental housing in the United States has increased an average of 3 percent per year; average rents are projected to rise 4.1 percent this year alone. With a 3 percent annual increase, a current rental payment of $1,000 per month would increase every year and amount to $137,567 after 10 years, with no wealth accumulation.


In contrast, a $210,000 home purchased today with a downpayment of $10,000 and a 30-year fixed rate mortgage at 6.5 percent would cost a steady $1,100 per month and yield a net worth of $138,521 after 10 years, assuming an historic 4.5 percent annual appreciation rate.


“The decision to become a homeowner involves financial and emotional considerations,” Stevens said. “Our Realtor® members help millions of people into homes every year, one family at a time.”


“Why rent when you can buy?” is available in both English and Spanish. To order copies, visit
www.Realtor.org/store or call 1-800-874-6500.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries
.


Featured Property

ocala real estate property

$149,999


Visit the Funny Farm

Our fun page - featuring jokes, cartoons, puzzles, great funny pictures and more.  Laughter is truly the best medicine.  So take a break, have a laugh, and enjoy.  

Click here

ROFL 4



How much will my mortgage be?

To calculate your monthly mortgage payments quickly and easily, enter the loan amount, the interest rate and the length of the loan.  In seconds, you'll have an estimate of your monthly house payment.

Click here



For more calculators
Try here

Lupo


LUPO'S NEWS


Smelly  Cat
July 18, 2006

by Cat Age Companion

Notice a persistent odor coming from your kitty? It may be a sign of an underlying health condition.

When a cat is ill, he often stops grooming himself. This can lead to infected ears, a matted appearance, bad breath, and other odors. For example, arthritis is one condition that can keep him from properly grooming himself. Obesity is another. If your kitty has an odor that is not helped by regular bathing with cat shampoo, visit your vet for a checkup.


Cat 4

Ever consider what our dogs must think of us? I mean, here we come back from a grocery store with the most amazing haul -- chicken, pork, half a cow. They must think we're the greatest hunters on earth!

-Anne Tyler