Tuesday, March 20, 2018

To Rent or To Buy

Would Now Be a Good Time to Rent?

HOLY SMOKES – now is NOT a good time to rent. Click on the link above and have a look at the attached report – especially the rent graph from 1988 forward. Constant up!

Just a thought – buy your home today and look at your payment in 5 years. Or rent from someone and look at your payment in 5 years. Try is at 10, 20 or 30 years and see which one went up how high.

Oh, one more thing – if you got to 30 years your mortgage payments stop. Uhmm – chances are the landlord will still be expecting next month’s rent.

80% of Renters Believe In Their American Dream

Don’t get me wrong – sometimes renting makes sense. Perhaps there is a hidden reason, a short term or even a special goal. If you are a regular follower, you know that I am renting right now. However, the majority of renters want to live the dream. Homeownership is the American Dream.

Sometimes folks hold back because of incorrect information or fear that they cannot do it. If you really want to own – call me – let’s talk about it. There is no shame in trying. Who knows, you might get to live the dream.

Some Reasons Spring is a Great Time to Buy a Home

Spring! What a great time of year. New colors, fresh air, sunshine – the beginning of something new. It is also a great time to move forward on the road to homeownership or a move up – or, if it is time, a move to downsize. Whatever is right for you at this time in your life – go for it!

If you are buying the first time or moving up – spring is good as prices are going up! Spring is good as interest rates are forecasted to move up this year. So, you want to beat the rush and the added cost? Now is good.

The Interest Cost of Waiting

Why move forward now? Have a look at the chart and click on the above link for more comments. Waiting is going to cost money. The playing field is changing. Get a jump on it today.

What You Need to Know About The Mortgage Process

How complicated is it to get a mortgage? It is not that bad at all. You work with a professional who understands and can explain all those forms. You will get to sign your name a few times – alright, more than a few times – but not bad considering you sign your name and you get a house!

Just remember – stick to your budget and consult the pros. There is absolutely no need to spend more than you need to or more than you are able. Start with the pros BEFORE you shop for a house. Then you will know what price range to look for. It is a better way to go!

Monday, March 19, 2018

Homes Priced Right Or Bubble Coming?

Housing Bubble - But Not Before 2024

The experts, the folks paid to study and analyze and number crunch, report that there are no direct or indirect signs of coming trouble. After the last bubble and the pain that followed, it is reasonable to assume the experts will be watching and analyzing even more than they might have before that bubble.

So, what are they saying? Prices going UP! Prices going up through 2024 before there MIGHT be an issue. That is a lot of room to move UP. Are you prepared to ride the wave toward upward wealth? Alternatively, would you prefer to pay ever-increasing rent prices while you help your landlord build wealth? I suppose even if a bubble happens in 2024, your landlord will be in a better equity position than his renters. Ya think?

Are Home Values Overinflated?

“If the housing bubble and bust had not happened, and home values had instead appreciated at a steady pace, the median home value would be higher than its current value.” WOW! Think about that.

Actually, it looks like we have crawled back to where we ought to be.

Home Prices - 5 Year Difference

The recovery from 2012 to 2017 shows confidence. Real estate has long been a sound investment. Of course, there are ups and downs. It is a free market and ours is capitalism. Once again, real estate has returned and values have returned. Even folks who were upside down and lost their homes are recovering and returning to homeownership. National home equity has recovered. And, America looks to a brighter future – and the American Dream.

Are you on board?

Sunday, March 18, 2018

Down Payment Holding You Back?

Save for a Down Payment Faster Than You Think!

All good things are worth saving for! It becomes a matter of determination and sacrifice. It is not really that much of a hardship to make some sacrifices knowing what is waiting for you at the other end. I suppose we could say that about many things in life’s journey.

Back to getting your own home – skipping some unnecessary expenditures or reducing the amount of money spent can make a huge difference. Perhaps begin with a first look at total income. Then make a budget and set a goal. Maybe consider an extra part time job or overtime hours. Small amounts of money can quickly add up!

Another way to go – and we have written about this previously – if you are a couple, some skip the big expensive wedding (and that can get you a huge jump-start). Others go for a lower profile wedding. Alternatively, they might skip the honeymoon for the time being and do that later (exactly what one of my cousins did – and they “married” again (retook their vows) and then went on a honeymoon).

You need how much? Explore the options! Talk with professionals. You may not need as much money down as you think. The sooner you buy and become an owner, the sooner your life changes!

Use Your Refund to Jump Start Your Down Payment Savings!

Another way to get a jump on the down payment for your own home is to not spend that income tax refund. Forget the onetime splurge. Add the refund to your down payment fund and get that much closer to owning your own home!

Begin to increase your wealth – with a home of your own.

Friday, March 9, 2018

$1.51 Per Hour

What Difference Can An Hour Make This Spring

No, this article is not about minimum wage. But in this case, $1.51 an hour matters - a lot. That is how much the median home price increases. If you multiply that times 24 hours in a day, that is $36.34 per day. It is $1087.20 in a 30 day month and, oh boy, think about that in a 365 day year! Have a look at the rest of the hourly statistics. A home is your investment - one you can live in! Ready? San Antonio Homes

Tuesday, March 6, 2018

It Is About To Change

Housing Expected To “Spring Forward” With An Inventory Change

You can still beat the rush, but time is growing short! We have been encouraging folks to list their home in order to get ahead of the spring rush - to get listed ahead of the competition. Buyers are out there now. The supply of homes is much lower than needed for the market right now.

It is a great time to get started. Sell your home now and move on to the next adventure! Checkout the inventory of available homes and compare your home to the ones for sale in your market to see what the competition is like: https://sanantonio.homes (hint - good place to check out your next home too!)