If you don’t own a home, buy one; if you own one home, buy another; and …

 If you don’t own a home, buy one; if you own one home, buy another; and …

Multibillionaire hedge fund operator John Paulson says now is the time to invest, stating:

“If you don’t own a home, buy one; if you own one home, buy another; and if you own two homes, buy a third and lend your relatives the money to buy a home.  Your debt and interest payments get locked in at record lows, while the price of your home is still safe."

Paulson is not alone in his belief that now is a good time to buy. A recent study by several universities, found that today's "hurdle rate," or the point at which it's equally smart to rent or buy if your only criterion is to build wealth, also suggests that it is a better time to buy. In "Study Calls Today's Market Good Time to Buy," an article found in REALTOR® magazine, Robert Freedman, NAR's manager of multimedia communications, notes the following:

"The hurdle rate is the point of equilibrium between renting and buying where it’s a wash in terms of wealth building. If today’s hurdle rate is lower than the average past property appreciation rate for a particular market, then it makes sense to buy, because future property appreciation should be such that an individual will, on average, create more wealth through owning rather than renting. On the other hand, if today’s hurdle rate is higher than the average past property appreciation for a particular market, then this is a sign that ownership can be a drag on wealth creation."…

Check:

• How to Sell your Home at”Highest Possible Price”.

• How to increase the chances of getting  “More Offers”.

• How my FREE ”Short Sale Services” can help you.

• How you can”Pay Less”  when you buy from a Home Builder.    FrankMoham@gmail.com

If you don’t own a home, buy one; if you own one home, buy another; and...

The decision to pursue homeownership may be based on many factors: everything from a friend’s decision to purchase a home or a family member’s advice against “throwing your money away on rent” to your bad experience with a landlord or the noisy neighbors sharing your wall. While all of those scenarios (minus peer pressure, of course) may inspire valid arguments for considering the purchase of a home, how do you determine if you’re genuinely ready to join the ranks of homeowners? After all, buying a home is a massive decision and includes multiple, long-term financial and lifestyle obligations. The average person spends around 1/3 of their income on their home.You’ll still need to do the work to make sure your personal finances and holistic life picture are also in alignment before you buy, as well of the work it takes to ensure that your real estate and mortgage decisions are sustainable and smart, over the long-term. A good Buyer’s Agent is invaluable to a Buyer, and can be the difference between a wonderful transaction, and a nightmare.