Another Good Reason Why You Should Buy A Home, Not Rent
Rent VS Buying is aways a big question here in Pensacola, Pace and Gulf Breeze especially for our military families. Here is a post that may help but remember me for a the answers to those specific questions. Let's share a cup of coffee or just a sit down to help.
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Another good reason why you should buy a home and not rent: to build personal wealth, which on average, will be approximately $218,000 greater than if you rent according to predictions by many experts.
Last week I wrote about how quickly rents are rising and how much greater a percentage of your income it takes to pay rent versus a mortgage. But did you know that experts are now predicting that by the end of the year, homeowners' wealth will be about 40 times greater than that of a renter? These are not "small potatoes" we are talking about here.
Combine the cost of renting versus buying a home with the differential of long-term wealth accumulation, what excuse do you have to keep renting if you have decent credit scores and an expectation of living in the same place for at least the next three to five years? And these days there are loan programs that don't require a huge amount of money down for you to buy. And combine this with the continuing, historically low mortgage interest rates, there's even less of an excuse to keep renting.
Read more about why/how this gap in family wealth if increasing
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!
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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."
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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE
Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner
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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.
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