Image: Red Tail – Sorrento, FL
Now is the Best Time to take the Plunge! When is the best time to buy a new home? Have housing prices bottomed out? When should I stop renting? Now is the perfect time to buy! We can’t predict how much equity you may earn, but let’s look at some historical facts. In 1963, the average price for a new home was $19,300. In 2010 that number was $273,000. Another great indicator that now is the time to buy are interest rates that are at historically low levels. Home ownership also enables you to deduct your mortgage interest and real estate taxes from your federal Income taxes. If you look at the people you know, friends, family, your parents, you can see that homeownership is the cornerstone of their personal wealth. If you’ll excuse the pun, it’s a great foundation. Many people willingly write out a very large rent check every month with no hesitation. These same people are terrified of being tied down to a new home, while not getting any of the financial advantages associated with homeownership. Everyone who has taken the plunge will tell you that after making your third mortgage payment, it becomes second nature and it’s almost as if your days of renting never existed. We invite you to visit any Centerline Homes’ community and talk to one of our very knowledgeable New Home Consultants. They’re the experts and can help you understand the home buying process and how you too can say goodbye to the landlord.
Visit www.CenterlineHomes.com for more information
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