If you know someone that is currently renting a home or apartment who has a secure job and good credit let them in a few secrets;
If you pay rent in the Amount of $600 per month in 30 years you wull have paid a sstaggering $499,355!!!
If you are paying $1,000 per month in 30 years you will have paid in $823,259! That is figuring that there is no rent increases.
The federal Government is offer a $7,500 tax credit to fist time buyer and now this does not need to re-paid! Many homes located out in the county qualified for Rural housing 100% financing and of course FHA is only 3.5 % down and the seller can pay all of the closing cost.
Educate the young buyer who is renting and explain the benefits. The economy has created one of the best buyers markets ever! The interest rates are low, and the value are at the lowest in many areas that they will go. We have seen areas such as San Diego California sales number begin to escalate, and usually when the market begins to recover and readjust its too late and the window of opportunity is gone.
Comments (0)Subscribe to CommentsComment