Millionaire to Millennials: The Costly Mistake of Not Buying Now

On his personal website, self-made millionaire David Bach makes a striking statement:

 “Not prioritizing homeownership is the single biggest mistake millennials are making.” 

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Posted on August 7, 2019 at 9:49 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Rent vs. Buy, Seller Tips

Is Renting Right for Me?

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize.

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Posted on July 25, 2019 at 3:28 pm
Jennifer Angel | Category: Buyer Tips, Buying Myths, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Rent vs. Buy, Seller Tips

5 Powerful Reasons to Own Instead of Rent

Owning a home has great financial benefits.

In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:

“Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ savings with mortgage amortization and nominally fixed payments, and the potential to lower home maintenance costs through sweat equity.”

Let’s breakdown 5 major financial benefits of homeownership: Continue reading

Posted on July 11, 2019 at 12:11 pm
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Housing Market Updates, Rent vs. Buy, Seller Tips

3 Things to Know in the Housing Market Today!

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. Continue reading

Posted on June 18, 2019 at 7:41 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Rent vs. Buy, Seller Tips

4 Reasons to Buy A Home This Summer

Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

Home values will continue to appreciate. Waiting may no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Are you thinking of selling or buying real estate this year?  Contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.

Posted on June 11, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Rent vs. Buy

The Feeling You Get from Owning Your Home

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones.

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Posted on June 10, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Rent vs. Buy

Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

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Posted on March 15, 2019 at 5:20 pm
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Holiday, Housing Market Updates, Mortgage, Move-up Buyers, Rent vs. Buy

3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC]

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Posted on February 27, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, Downpayment, First-time Homebuyers, Infographics, Rent vs. Buy

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

The Cost of Waiting to Buy is defines as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.

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Posted on January 25, 2019 at 9:47 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Housing Market Updates, Infographics, Mortgage, Move-up Buyers, Rent vs. Buy