Why Delay Building Your Wealth? Buy A Home Now... Don't Wait.

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Owning Real Estate: The Path To Financial Security

Owning real estate is one of the best long term investments most people make that helps them build weath and financial security. And it typically starts with buying one's own home. Of course, there's always the question "when is the best time to buy?" Trying to time the real estate market perfectly would be like trying to time the stock market perfectly... it's virtually impossible to do.

 

Growth In Family Wealth From Owning A HomeOne thing we know is that the net worth of a homeowner is much greater than that of a renter. The most recent Federal Reserve Survey of Consumer Finances revealed that the median net worth of a homeowner increased by 15% between 2013 and 2016 to $231,400 and that the net worth of a homeowner is 44+ times greater than that of a renter. During this same time frame, the net worth of a renter decreased by 5%. And if you're a homeowner over the age of 65, your net worth is 48 times greater than that of a renter. The projections for the next five years indicate that family wealth will continue to increase based solely on increased home equity. If these numbers don't convince you that owning real estate is a path to financial security, it's hard to say what would.

 

 

And it would appear that Americans, in general, agree that real estate is the best long term investment. For the sixth year in a row, Gallup's survey showed real estate came out on top of all other financial investments. When Andrew Carnegie said "90% of all millionaires become so through owning real estate," he just may have known something a long time ago that's true to this day.

 

 

 Real Estate Remains America's Choice For Best Long-Term Investment

Real Estate Best Long Term Investment

 

 

Wondering If You Should Wait A Year To Buy A Home?

The video below clearly shows what waiting even one year would "cost" you. Why not start building your wealth and financial security today? 

 

 

 

If you're a renter who wants to start to build wealth, and become a homeowner, you can:

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 free home listing alerts from greathomesincharlotte.com

 

 

This information about buying a home today and not delaying your road to building wealth is provided by Nina Hollander and Carolinas Realty Partners with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts. We have been opening doors to homeownership for Charlotte region renters for 20+ years. We can open the door to your dream home, too!

 

If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

 

 

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2018 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Oh by the way, I'm never too busy for any of your referrals!

 

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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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Topic:
Home Buying
Location:
North Carolina
Groups:
Charlotte NC Real Estate
Buyer Information - What Buyers Need to Know in Today's Market
Advice for Buyers
Tags:
home ownership benefits
building wealth through home ownership
search charlotte area homes for sale
home ownership is a great investment
great homes in charlotte
real estate builds wealth

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Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... and real estate provides other benefits besides financial security that other investments don't provide (such as a roof over one's head).

May 30, 2019 10:20 AM #16
Ambassador
1,820,118
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Very smart post - real estate is a great investment - and it's also a respite from the world. It's hard to even measure the intangible values one feels owning their own "home." 

May 30, 2019 12:55 PM #17
Rainmaker
1,173,223
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

I hope clients take your very savvy and sound advice Nina.  I owned my own home at 20 years old and the equity and appreciation were able to carry me through 3 more homes that were all more expensive and bigger than the previous one!  

May 30, 2019 01:09 PM #18
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... indeed, real estate is the only investment that provides appreciation along with other intangible. A stock or bond portfolio don't provide a roof over one's head, for example.

May 30, 2019 01:14 PM #19
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® hi Sheri... you started early investing in real estate and it's clearly paid off for you.

May 30, 2019 01:15 PM #20
Ambassador
3,760,158
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina delaying in anything is rarely good, and especially not a good to do for anyone who is considering purchasing a house.

May 30, 2019 02:38 PM #21
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto hi George... home prices continue to increase in the Charlotte area... silly to wait and pay more.

May 30, 2019 02:47 PM #22
Rainmaker
3,140,541
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

When is the best time to buy Nina...that's a tough one, but when a buyer is ready and the house is the one...it's time!

May 30, 2019 03:32 PM #23
Rainmaker
4,039,891
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, if a buyer has the credit, it is time to buy a home.  There are programs to assist for down payment, so should be a no-brainer.

May 30, 2019 05:13 PM #24
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... the problem I've seen is that the down payment assistance programs work only for certain price points and those price points are quickly disappearing in my market.

May 31, 2019 04:15 AM #25
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila and Larry... one thing I've seen in the past couple of years is that buyers I started working with who decided to wait and buy are no priced out of the market... their income hasn't increased as quickly as home prices have appreciated and they can't qualify for a home in the areas they need to live in.

May 31, 2019 04:17 AM #26
Rainmaker
3,210,803
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Home ownership is a wonderful way to make that path to wealth a smooth one.

May 31, 2019 04:44 AM #27
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson good morning, Sally, the difference in accumulated wealth between homeowners and renters never ceases to amaze me it's such a huge gap.

May 31, 2019 05:02 AM #28
Rainmaker
1,518,392
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Nina, it really can't be said enough. Your post is spot on. Buying real estate is undoubtedly the best vehicle to build wealth. Your video does an excellent job of showing how costly it is to wait. 

May 31, 2019 05:30 AM #29
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Amanda S. Davidson thanks, Amanda... I've had several clients who waited too long and are now priced out of the market, so I'm glad you thought the video is effective.

May 31, 2019 05:38 AM #30
Rainmaker
2,486,716
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Nina, I only wished I had purchased a home when I first moved to Northern Virginia instead of renting.  That was 1971.

Jun 01, 2019 10:49 AM #31
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Rebecca Gaujot, Realtor® that's how I feel about my two years in the Bay Area. I rented and the market was very depressed so didn't buy my condo in Sausalito overlooking the Bay. What a mistake. I could have purchased it for $35,000 in 1975 and sold it for millions a few years later! The DC area and northern Virginia saw amazing appreciation as well.

Jun 01, 2019 01:56 PM #32
Rainmaker
2,741,845
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I did hear area seems to be trending toward the national trends, from what I hear. This is very good reporting, Nina: I am reserving judgment however.

Jun 01, 2019 10:02 PM #33
Rainmaker
2,741,845
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Wow Nina, I would love something over the bay for when I visit California! Sounds amazing! Rebecca Gaujot, Realtor®

Jun 01, 2019 10:03 PM #34
Rainmaker
3,012,679
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Laura Cerrano owning a home is a form of "forced savings" as part of growth in equity long term. It also fixes housing costs for families and given what's been happening in rental rates for the past 5+ years provides another form of savings and positive impact to the budget.

Jun 02, 2019 04:27 AM #35
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