IT'S A GREAT TIME TO BUY A HOUSE IN ABILENE, TEXAS
1: THERE ARE PLENTY OF HOUSES TO CHOOSE FROM:
According to the Abilene Board of Realtors Monthly Statistics, there are over a 1000 properties for sale.
2. LOW INTEREST RATES:
Interest rates are still hanging around five percent.
3. LOW DOWN PAYMENT OPTIONS.
FHA loans are great loans to keeping your down payment small.
Of course, veterans may be elgible for a zero down Veterans loan.
4. IN ABILENE, OWNING TRUMPS RENTING EVERY TIME!
First Financial Bank's website has a link to a rent-versus-own calculator that is easy to use. I played with it with 2 different market rents and available house prices both for five or seven years. It turns out that a homeowner will save a ton of money by buying versus paying it all out in rent. Some of the reasons that may not be so apparent is that your house payment includes principal which is like paying into your own savings account, and next there is a tax advantage of being able to deduct mortgage interest, and then with a fixed rate mortgage, there is no chance of a monthly rent increase.
5. THERE ARE FIRST TIME HOMEBUYER PROGRAMS IN TEXAS..
Today I previewed 4 great southside homes that are all great values range from 80's TO 100's.
One that I particularly think is a great value is this house on the southside of town, across the street from Madison Middle School in the 80's.
For more information on how to get started in your home search, call Beverly AT 325-721-2429 for a FREE personal homebuyer consultation.
Buyer representation is FREE at Carlson Properties, as the Seller almost always pays the fee NOT the buyer! Any exceptions to this would be fully explained and disclosed prior to any obligation whatsoever. You owe it to yourself to make sure you have full information on the advantages of homeownership.
Home ownership remains the majority asset of most person's financial portfolio. It is REALLY not possible to accumulate substantial net worth without owning real estate.