Homes - 5 Good Reasons to Buy One!



Buying HOMES NOW!

Many a possible NEW or First time potential Buyer has been discouraged by the negative reports about buying a House over the past year or more. Yet, historically, owning a residence has proved to be one of the best investments that an individual or couple can make. Yes, there are downturns in the markets, but NOW it probably the best time in perhaps 40 some years to think seriously about one of those great deals on homes out there!

I just closed a deal a bit ago for a couple in their early fifties. They had NEVER owned a dwelling before and had rented for more than 20 years. Finally after giving their rent to a landlord for this period of time they decided to buy. You know where they moved? Right, directly across the street! Didn’t have to move far, but the kicker was, they bought a house that was more than twice the size of the one they were renting, and their payment including escrows for property taxes and insurance are now LESS than the monthly rent they paid. And they now are building equity in something.
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SO I encourage you strongly to take a look at five brief but powerful reasons that will show you that House ownership is great!

1. Equity

When you pay rent, you never see that money again. It is lining the landlord's pocket. Yes, buying a Dwelling of your dreams may come with some hefty initial costs (down-payment, closing costs, inspections), but you will make that money back over time in equity built in the house. Historically, Houses appreciate by about 4 to 6 percent a year. Some areas are still experiencing normal appreciation rates. For the areas that have seen harder times since the recession, experts feel that the housing market will recover. Ownership is about building long-term wealth. A House purchased for $10,000 in 1960 is most likely worth 10 times that in today's market.

2. Relationships

Renters tend to see their neighbors come and go quickly. Some people sign year leases while others are in the community for much shorter terms. Apartment complexes also tend to have less common shared space for people to meet, greet, and socialize. Houseowners, however, have yards, walking trails, or community pools and clubhouses where they can get to know each other.

Neighbors stay put much longer (at least three to five years if they hope to recoup their closing costs). This means more time to develop relationships. Research has shown that people with healthy relationships have more happiness and less stress.

3. Predictability

Well, as long as you have a fixed-rate term, (and I would suggest nothing else but fixed-term mortgages) on your mortgage it's predictable. Most people buying houses today know that a fixed-rate is the way to go. This means your payment amount is fixed for the life of the term. If your mortgage payment is $500 today, then it will still be $500 a month in 10 years. The only reason your payment might go up, is that property taxes and Dwelling insurance could rise, but usually these are minimal in comparison.

This allows for people to budget and make solid financial plans. The sub-prime crisis meant many homeowners with adjustable rate mortgages saw their monthly payments rise and then rise some more. Homeownership, though, generally comes with a predictable table of expenditures. Even the big purchases are predictable. You know most roofs last just 15 years (or so). You know that each year you'll need to pay for the gutters to be cleaned, and so on.

4. Ownership

Okay, this is a given. Homeownership means you "own" your Dwelling. That comes with some incredible perks, though! You can renovate, update, paint, and decorate to your heart's desire. You can plant trees, install a pool, expand the patio, or do exterior decorating that would rival any of your neighbors (if the HOA allows!).

The bottom line is this is your place and you can personalize it to your taste. Most renters are stuck with the same beige walls and beige carpet that has been standard apartment decor for 20 years. Now is your chance to let your House speak!


5. GREAT DEALS on HOMES!

It's a great time to buy. Interest rates are at historic lows. I remember buying 3 different houses during the 70’s and though at the time 8% was a good deal. (They went as high as 18% in the 80’s) We're talking 4.0 percent or even less instead of 6.0 or higher. This means big savings for today's buyers. House prices have also taken a dip since the recession, which means homes are more affordable than ever. If you have steady income and cash for a down-payment, then be sure to talk to your local real estate agent about what houses in your area could be a fit for you.
Homeownership can be a real joy. It’s time to get off the fence and into a home that is right for you!

Should I Buy a House NOW? (Free VIDEO)





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