Is it a good time to buy a home? ABSOLUTELY!!!
Owning a home is like having a saving plan you didn't know you had. Home ownership is key to building long term wealth. According to the Ferderal Reserve Survey Of Consumer Finances the average homeowners net worth is $171,000. That's 46 TIMES that of a the average renters net worth of $4,800.
Most areas are experiencing a buyer's market. More and more home-sellers are very flexible with their asking price and some are willing to pay for the buyers loan fees which could add up to many thousands of dollars. That's right; many sellers are willing to actually help you buy their home. These favorable (home buyer) terms were unheard of a couple of years ago when it was a sellers market. Another favorable indicator for buyers is that mortgage rates have dropped recently. A lower interest rate results in a lower monthly mortgage payment.
Of course, owning a home is much more than a way to gain financial security, its also a place where you raise your family, entertain friend and relatives and create life-long memories.
Keller Williams Realty, Pasadena
19 Years Of Real Estate Service
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