IS REAL ESTATE A GOOD INVESTMENT

Many wonder is real estate a good investment? Real estate investment is the most lucrative investment for many reasons, however with risks and takes a skillful person that knows what they are doing. The potential and appreciation is historically over the years and continue to appreciate which can lead to a net worth with profit. Rental income can become passive and steady stream of income that can generate positive revenue. Tax benefits is a plus with tax  deductions like mortgage interest write off. This investment can also serve as a diversification for your portfolio so that you are not putting all your money in stocks and bonds. 

Real estate allows the use of leverage so that you can increase purchase power by using equity for many reasons. Now there are risks such as market fluctuations where real estate marks that vary can be volatile and property values can decrease. Maintenance cost can vary, however if you can provide most of the work you should be able to manage. Selling a property can take time if liquidated is needed. Tenant issues can be challenging to include vacancies and late payments along with evicting. Following economic values and housing market with downturns can affect property values and rental income.

INTEREST RATES

Interest rates plays a significant role in the real estate industry. Influencing both buyers and sellers in many ways. If mortgage rates rises, the cost of borrowing increases making your monthly payment higher. This makes sense that this can decrease demand all over. Also affordability to purchase a home decline. This home affordability pushes many homebuyers out of the housing market to purchase a home. On the other hand provided mortgage interest rates are lower, this bring out more buyers and current homeowners to refinance to a lower rate to lower monthly payments. Investors can reconsider to do the same and refinance as well. The economy, stock markets and world conditions also determines the mortgage interest rates. If they are lowered, this stimulates economic growth which can lead to increased employment.

Long-term and short-term impact is the goal when investing in real estate along with making the right decision at the right time. Seek a financial or trusted advisor to guide you.

TRUSTED ADVISOR 

As a trusted advisor, professional realtor and military veteran I am here to serve you in the Dr. Phillips and Central Florida housing market to purchase or for the sale of your home. In the absence of trustworthy  up to date information whether it's a housing crisis or local housing market, real estate decisions are being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decisions.

Part of my job is to keep you informed and educated of the local housing market trend, buying and selling process to include real estate common terms and videos. Don't get confused by the media, they talk national data, I can provide most up to date and local area data.

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. When you are looking for a home, look for a realtor with the heart of a teacher. If you are ready to start your journey, contact Kevin Strawter at 850 496-6412 to begin a new walk to homeownership and all your real estate needs. Referrals always welcome.