You have seen all the headlines concerning better to own than rent. The rental market is still skyrocketing in many areas of the nation and does not seem to end. With inflation still in place on almost everything this makes it difficult and major impact to make a sound decision. If you can afford to pay the high rent, you can afford to purchase a home providing you have decent credit and money saved. Most people who rent are not making these investments. Real estate is a lucrative investment and a smarter investment and a smarter financial option.
Looking at the bigger picture mortgage interest rates cannot stay high forever. This is considered the ugly era in the housing market we are in. Your net worth is at least 40 times greater than a renter. Everyone situation is different, many that have the cash, skip financing and high mortgage interest rates. Many buy now and refinance in the next 12-18 months when rates are more stabilized. Which is called Marry the home and date the rate. Think about the cost of renting and not getting a return, the landlord credit grows stronger as you pay their rent, they get to write off the interest at the end of the year. This is something you can be doing. You are actually paying a mortgage but it is not yours. Click here to learn more about the rental trap /RENTAL-TRAP---32819---32836---Dr-Phillips-6-23993.html
Owning a home is considered wealth building. Typically each year your home gains on the average 1.5% equity which creates financial stability and helps your kids understand the process. These last two pandemic years 2021-2022 tilted the scales and many home averaged over 75% equity. This gives you a chance to pull equity out of your home to pay off bills, buy a car, boat or major improvements on your home. Homeownership is the largest source of wealth among families across America. Housing wealth gains are built up though price appreciation and by paying off your mortgage. Contact a trusted advisor to help you along the way. Click on link for one of my five free ebooks I written in 2022 https://kevinstrawter.book.live/read-buyer-book
As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey contact me today at 850 496-6412 to begin a new walk to home ownership and all of your real estate needs. Tik Tok Kevin Strawter each Friday for a highway of information. Click link to learn more about Kevin /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html