Tag: reasons to buy

The mareket is heating up and now is a great time to buy. And, what's more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn't changed.

Here are 10 reasons:

1. You can get a good deal. Prices are as low as they are going to get for a while. And prices are at a level that makes sense for people's income.
2. Mortgages are cheap. At 3.75% on average for a 30-year fixed-rate mortgage, your costs to own are down.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. Your money is not wasted on rent. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it's simply the case that the nicest places are for-sale homes and condos.
6. Home buying offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It's risk capital. If the economy picks up, you stand to benefit from that, even if you're goal is just to have a nice place to live.
8. It's forced savings. A part of your payment each month goes to equity.

What are buyers seeking in {Location_Name}?

A new Realtor.com® survey of more than 1,000 home shoppers revealed that privacy is no longer at the top of everyone's list. More than 20 percent of home shoppers aged 55 and older cite having their own space as the driving factor of purchasing a home, followed by physical comfort and the stability of owning a home. Conversely, only 12 percent of buyers under the age of 55 cited privacy as their chief priority. 17 percent of millennial buyers placed family needs as their top priority when looking for a home, followed by stability (14 percent) and personal expression (13 percent).   For more information or to set up an appointment call Julie at (703)765-0300.