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The Perks of Buying over Renting
Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place.
1. Home Values Typically Go Up Over Time
There’s been some confusion over the pas…
Don't overlook the final walk-through! Here's why it's crucial:
Spotting Issues: The final walk-through allows you to identify any last-minute issues or damages before closing. Catching these early ensures they can be addressed before you take possession of the property. 🚧🔍
Ensuring Repairs: If repairs were negotiate…
Do You Know How Much Equity You Have?
Do You Know How Much Equity You Have? To find out what your number is, let’s connect.
#sellyourhouse #realestatetips
Follow us for more information on all things real estate.
ide8realestate
The Perks of Buying over Renting
Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place.
1. Home Values Typically Go Up Over Time
There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up.
This is a big reason why buying a home can be better than renting. As prices go up and you pay down your mortgage, you build equity. Over time, this growing equity can really increase your net worth. The Urban Institute says: “Homeownership is critical for wealth building and financial stability.”
2. Rent Keeps Rising in the Long Run
Rent just keeps going up over the years. Sure, it might be cheaper to rent right now in some areas, but every time you renew your lease or sign a new one, you’re likely to feel the squeeze of your rent getting higher.
So how do you escape the cycle of rising rents? Buying a home with a fixed-rate mortgage helps you stabilize your housing costs and say goodbye to those annoying rent increases. That kind of stability is a big deal.
Your housing payments are like an investment, and you've got a decision to make. Do you want to invest in yourself or keep paying your landlord?
When you own your home, you're investing in your own future. And even when renting is cheaper, that money you pay every month is gone for good.
If you're tired of your rent going up and want to explore the many benefits of homeownership, let’s talk to explore your options.
#firsttimehomebuyer #opportunity
Follow us for more information on all things real estate.
ide8realestate
Don't overlook the final walk-through! Here's why it's crucial:
Spotting Issues: The final walk-through allows you to identify any last-minute issues or damages before closing. Catching these early ensures they can be addressed before you take possession of the property. 🚧🔍
Ensuring Repairs: If repairs were negotiated as part of the contract, the final walk-through ensures they've been completed to your satisfaction. Don't move in without ensuring everything is in working order! 🔧✅
Confirming Agreement: The walk-through verifies that the property is in the same condition as when you made the offer, ensuring that all agreed-upon fixtures and appliances are still in place. 🔒🏡
Peace of Mind: Walking through the home one last time gives you peace of mind knowing that everything is as it should be before you close the deal. It's your last chance to ensure the property meets your expectations. ☮️💼
Make sure to schedule your final walk-through and give your future home one last check before making it official!
#HomeBuyingTips #FinalWalkThrough
ide8realestate
Do You Know How Much Equity You Have?
Do You Know How Much Equity You Have? To find out what your number is, let’s connect.
#sellyourhouse #realestatetips
Follow us for more information on all things real estate.