It's a Great Time To Buy a Home!

Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

It's a Great Time to Buy a Home!

My 2:00 appointment is cancelled and the entire day has changed.   This client had chosen a location and we were all set to view the homes when she called just before that time to explain the owner called to say she leased the home to someone else.  That one was not on our MLS so I was on the side lines, assisting with information.armls

Looking at the second home again on the MLS, I noticed that the status changed from "Active" to "Temporarily off the Market."  Contacting the agent, I learned that the house had leased site unseen.  

Two of the homes rented in 2 days, with today being day 2.  These homes were remodeled, had great photos, and apparently lots of interested parties.  These are aspects of rental homes that are similar to homes for sale.   Rental homes that are remodeled, in good locations, clean, and show well, rent quickly.  Homes that are for sale and sell quickly have the same qualities.  We can't seem to get her in the location she wants with a rental, but we can if she buys a home.  

Discussing the above information with my client, she has switched gears and is now looking at buying a home.  The excursion we just took while on the phone helped to solidfy that it is better to buy a home than rent one.   

We discussed her increased income from her new job, interest rates,  and the mortgage interest deduction.  She is now on board to buy a home, thanks to losing out on a couple of cute rental homes.

If you are thinking of renting a home, it's best to learn if you qualify to buy first.  Buying a home has many advantages and It's a Great Time to Buy a Home.  If you are looking for a lender or need answers to quetions.  It's a Great Time to Buy a Home!

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Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Jan-One of the really great things about that situation is she made a decision. Too many times people delay in making a decision and loose valuable time in the process.

Jun 07, 2014 10:07 AM #1
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Buying is cheaper than renting in our area.  It pays to look into it.

Jun 07, 2014 12:34 PM #2
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

It isn't gong to get any better.  Interest and values are on the upswing

Jun 07, 2014 12:48 PM #3
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Jan. Funny how that works? Actually this client was lucky I think because she learned an important lesson from you and the market. equity matters. Suggested.

Jun 07, 2014 09:22 PM #4
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is a wonderful time for home buyers to take advantage of the low mortgage interest rates. Those that delay will pay more.

Jun 07, 2014 11:09 PM #5
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Jan - Nice pivot! When renters realize that they're actually buyers - but not on their own behalf - the conversation tends to get interesting.

Jun 08, 2014 01:09 AM #6
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Jan sounds to me that you helped her make lemonade out of a lemon situation. She's going to be so much better off in the long run by buying a home. Bravo for helping her realize it!

Jun 08, 2014 01:36 AM #7
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Wayne, Dick - You're right.  It had to be her idea because I've been telling her this for quite some time!

Chris Ann - Her mortgage payment was about the same as her rent, so factor in the tax deduction and she's saving money & building equity.

William, Roy - Exactly!

Sheila , Anna- Thanks!


Jun 08, 2014 02:32 AM #8
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

That's such good advice, Jan.  And a smart outcome.

Jun 08, 2014 10:22 AM #9
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Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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