Not only is real estate the #1 choice for best long-term investment – you can live in it! Cannot do that with the other investments. You can also invest in additional properties and rent them out effectively letting someone else pay the mortgage for you! Check out today’s report by clicking on the link just above.
Worried about something catastrophic – like war or a total market meltdown? Of course, those are possibilities in our daily lives and it will not matter if you own or rent – you will be impacted! So why not own your home?
And, what happens if prices and interest rates keep climbing? If you buy now, you lock in your rate and your payment. You are ahead of the increase. Can the country sustain the higher prices and higher rates? Of course, we have before. The predictions are that we would return to the affordability norms of 1987 to 2004. What is holding you back? Call me Al.
If you are a regular follower, you already have read about why prices keep climbing. It is about supply and demand. There is no sign of demand slowing – or being met at this point. The expectation is that prices will continue to go up.
It you are thinking “dream home” – either as a move up or a first time buyer, now would be a good time to make the move. If you have a home and you are waiting for its value to increase so you can buy a higher priced home – while you wait, the higher priced home is going up more than yours! If you are downsizing, the math could work in your favor – provided the market stays as is.
If you are that first time buyer, waiting can cost you with a bigger mortgage payment! Alternatively, it means that you will be able to buy less house. Just take a look at our previous post about buying power or check the pages listed in the right column.
No secret that today’s market is a sellers’ market. That means when you find the home that is right for you – move quickly to make an offer. Hopefully, you are working with a real estate professional who can guide you in making an offer and negotiating the price. The best deal is a win-win for both sides. That is how dreams come true!