Thursday, January 31, 2013
Frequently Asked Real Estate Questions-Ep. 36
Does it still make sense to buy a home?
In November of 1981 the average interest rate was 15.8%. Rates like that made home loans extremely expensive. Today, the picture is totally different. Interest rates are 4% or lower! The current economy understandably leaves homeowners reluctant to make such a big financial commitment. Some people even suggest that since home values are not appreciating like they once were, the investment no longer makes sense. That is a short-sighted point of view. Here are 5 very sound reasons to buy a home in out current market;
1. Homes are affordable.
2. Home loan rates are at historic lows!
3. Tax break on interest payments.
4. You’ll own it!
5. You’ll build equity.
Low rates combined with affordable home prices is too good to pass up! The next step is to meet with a Realtor and discuss how to get started shopping for that new home. Don’t wait! No one knows how much longer these rates will stay this low. If you or someone you know is considering moving in the next few months, call me!
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Wow! This is really helpful especially in my case where I work mostly on real estate properties. This should clear up a few issues for me, and I think it's important to know because knowledge really is power in any field. Knowing more helps prevents mishaps and errors that could really cost you. And with easy home improvement tips, I can do a better job.
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