Should I Buy A Home When Houses Aren't Selling?
Is 2024 the year you planned to purchase a home in Destin Florida? Perhaps the uncertain economy combined with a political environment best described as a "tire fire" is giving you pause? Let's take a look at how investing in real estate can be a safe place for your dollars.
1) We have to live somewhere--If the buyer decides to rent for another year there are costs associated. With inflation rent rates in most markets have risen steady over the last five years. Even if prices declined sharply compare that with an equivalent cost for renting over the same term.
2) In real estate time is your friend-- In the late 1990's a condo building was developed in Destin. Two bedroom units were offered for ALMOST 120,000 dollars. A similar unit today would hit the market for just north of SIX HUNDRED THOUSAND dollars. Then consider the potential rental income over the last 26 years!
3) Real Estate is a tangible asset--If a person buys 123 Main Street, he or she can see, feel, and use the dirt!
4) With real estate inflation is your friend--My grandfather took out a loan in the 1960's for his home. The note was "almost" two hundred dollars! He said the first few years that bill kept him up at night. But thanks to fixed interest rates, the note stayed the same as the economic inflation continued!
Advice For Purchasing A Condo In Destin Florida
The BEST time to purchase real estate is when you are ready. Look at YOUR financial picture and make a responsible decision. Need a top real estate agent to help in your search? Call Doug Rogers (318) 613-1994 with RE/MAX Coastal Properties today! Want to see homes on the market? Go to Destin Florida Homes For Sale to review properties on the local MLS.
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