The road for renters lately has been a grim one. Due to the amount of home sales not reaching a steady increase, there is a greater competition for renting which in turn results in higher rates. But what is keeping these renters from making the commitment to homeownership?
Owning a home actually increases your worth. When you pay your rent each month, you’re paying for the space usually for the upcoming 30 days. When you pay your mortgage, you are making a payment towards the complete ownership and eventual equity.
Okay so maybe you know the basics and believe in buying a home but just don’t have the credit or have apprehension over the initial down payment. There are still options for you! Try looking at a home that’s a bit smaller or a home that is a little farther away. You may be have to make room for a little extra drive time but if it keeps more money in your wallet in the long run, what’s the harm?
Take advantage of the time you have now. When the market decides to take a turn again and home sales increase, you may have just missed the window of opportunity.
Companies like Fort Myers Title Company can help walk you through each step of your transaction from contract to closing table to help you feel comfortable and secure in leaving the renter’s world behind.
About Title Junction: Title Junction (http://www.title-junction.com) is a full service real estate title company serving the area of Fort Myers, Cape Coral, and the entire state of Florida. The company handles a number of real estate title services for both commercial and residential properties and the employees can help a foreign investor or foreign seller navigate through the tricky FIRPTA regulations. Employees of Title Junction can also act as a witness in courtesy closings, an escrow agent or a notary public. The company was founded in 2005.