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It's National Homeownership Month ~ 4 Great Reasons To Buy A Home Now

By
Real Estate Agent with Coldwell Banker Realty 179530

 

 

It's National Homeownership Month in June and all month we've been reviewing the top 10 reasons to own your own home:

 

  1. Reason #1:  Paying rent is not a good investment.

  2. Reason #2:  Owning a home motivates you to become a better citizen and be more involved in civic activities.

  3. Reason #3:  You want/need more living space.

  4. Reason #4:  Owning a home means having a good place to raise children and provide them with a good education.

  5. Reason #5:  When you own a home, the landlord doesn't decide if your child should have a best friend in the form of a pet.

  6. Reason #6:  Owning a home gives you someting to borrow against, if needed.

  7. Reason #7:  When you own a home, you and not your landlord, decide how to decorate/improve your home.

  8. Reason #8:  Owning a home provides tax benefits you don't get when you rent.

  9. Reason #9:   Owning a home is investing in your retirement.

  10. Reason #10: Owning a home builds your family's wealth.

 

As National Homeownership Month 2015 comes to an end, here are 4 Great Reasons to Buy A Home Now!

 

  1. Home Prices Will Continue to Rise. The bottom in home prices has come and gone in most of the country and home price appreciation over the next five years has been forecast to be between 11.8% and 26.7%. Waiting to buy will only cost you more.

  2. Mortgage Interes Rates Are Projected to Increase. Mortgage rates have already begun to creep up and many predict they will increase by close to a full percentage point by the end of this year. Increases in rates impact the cost of your mortgage payment and possibly how much home you can afford.

  3. Rent Or Buy~Either Way You're Paying A Mortgage. You can pay your own mortgage and build your own equity or pay your landlord's mortgage and increase his equity and wealth... it's that simple.

  4. It's Time To Move On With Your Life. Apart from the financial considerations of buying a home why wait to buy if you want or need more space, want a neighborhood with better schools for your children, etc. With the cost of buying a home going up, why also put off the other aspects of homeownership that will improve the quality of your life?

 

4 Great Reasons To Buy Now

 

 

If you are a renter, who would like to make the transition from renter to homeowner, contact Carolinas Realty Partners.

We can help you turn your rent payments into mortgage payments!

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

If you are considering purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

 

Related Articles On National Homeownership Month:

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nina. We taught our kinds about buying real estate as an investment, one of them owns 4 properties the other two.

Jun 29, 2015 10:40 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joe Petrowsky ~ you did good in that regard. I'd just love it if a few more people bought some houses for personal use and stopped wasting money on rent.

Jun 29, 2015 10:42 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, prices are increasing nicely, and soon we shall see rates increase.  Great time to buy NOW.

Jun 29, 2015 10:51 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox... you are singing my song. Of course, I've been singing it for a while now hoping more would listen!

Jun 29, 2015 10:58 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Yes, homes are increasing in price. Right now is the perfect time to buy and invest in your future!

Jun 29, 2015 11:00 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Sheila and Larry... not just home prices increasing, but mortgage rates, as well. Buyers need to start paying attention.

Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)

Jun 29, 2015 11:02 PM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning again Nina. This is terrific and could be a handout. I hope it is featured.

Jun 29, 2015 11:06 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Sheila Anderson. I'd been posting throughout the month and then it occurred to me that it might make sense to synopsize it all in one post.

Jun 29, 2015 11:14 PM
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Nina, You did a great job with this series. The only thing you could have done to make it better is to have it all on video. Too many people just don't read anymore.

Bill Roberts

Jun 30, 2015 01:05 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bill Roberts ~ video! Now that's a bit much to ask. This month I barely managed to get this done! But now that I have a full year to plan for 2016, maybe I'll transcribe it all to video gradually and have it ready to go next year.

Jun 30, 2015 01:09 AM
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Nina, You are the consummate professional. I'm giving you some "free" advice that a coach would  charge you big money for..

Don't do it to please me, but it would help your business.

Bill Roberts

Jun 30, 2015 01:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Bill Roberts ~ I actually have a coach... I get it about videos. Because I don't especially watch them myself, they are not always on my radar screen. But I do know it's time to start doing more with them.

Jun 30, 2015 01:28 AM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Rent in my area has now exceeded a monthly mortgage payment on most homes. It just doesn't make sense to rent anymore if you can qualify to purchase. 

Jun 30, 2015 01:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nicole Doty - Gilbert Real Estate Expert ~ same here in Charlotte. I keep selling to first time buyers who are saving at least $200/month versus rent.

Jun 30, 2015 01:52 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina this an excellent series of blog, and this last one is a great way to bring the series to an end.

Jun 30, 2015 07:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, George Souto ~ I hadn't planned on this last one when I started and then got this idea to tie it all up in one post.

Jun 30, 2015 07:42 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Nina Hollander 

This was a great series for June and your 4 Great Reasons To Buy A Home Now are spot on!

Jun 30, 2015 10:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Lisa Von Domek ~ I'm hoping that buyers on the fence gleaned something useful from this series.

Jul 01, 2015 03:40 AM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

After reading some of the comments, it appears you wrote a series. I'll go back and read them, but this post is excellent! I wrote something similar in college (all those years ago) about Renting vs Buying. Yours is decidedly better!

Jul 05, 2015 10:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Pat Starnes ~ I did write a series throughout the month of June and the links to each is in this post, as well. I'm sure your college paper was great, but I would hope anything we do today is better!

Jul 05, 2015 11:02 PM