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When is going to be the right time to buy a home?

By
Real Estate Agent with RE/MAX Integrity REALTORS

Home ownership is a long term investment.  It is  crucial for financial freedom in your retirment years.  The sooner you buy, I have observed, the more comfortable your retirment becomes.  Home ownership allows one to put their monthly housing expense to work for them.  Paying rent pays your landlord's mortgage.  Home ownership; you invest in your future.

 Let's think about your landlord.  Do you think the rent you pay (in the long run) pays the mortgage?  Do your think the rent you pay, pays for the maintenance and up keep?  Do you think in the end the landlord still makes money?  The answer to all of the above is yes, or else no one would do it.  Again, investing is a long term investment, not a year or two.

Is now a good time?  Prices in the Valley of the Sun are the lowest thay have been in a few of years.  Interest rates have gone down over 1% in the last few months.  This has a huge impact on your monthly payment.  Also the selection of homes is at it's highest.  The valley actually had a shortage of housing for many years, and that has just reversed, so a first time buyer can actually negotiate well, and be in a better position to own the home of their dreams.

 February 2nd, at 19th Ave and Union Hills, we are hosting a first time Home Buyer Workshop.  This community service workshop is free, information packed, and designed to give you the knowledge to take that first step.  Interested?  call 602-789-8241, Extension 1, Diana Durham, or email us at Diana@ThePreferredTeam.com for additional information, and or registration.

 

Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments.

Aug 26, 2016 09:58 AM