Home ownership rates are the lowest they have been in the last 50 years. A significant portion of Americans is still renting properties, instead of enjoying a home of their own. Consumer reports believe this is an issue because of a buyer's lack of trust in their ability to purchase. It is still a long standing notion that a buyer needs 20% towards the cost of a home in order to move forward, but this isn't true. With countless down payment assistant programs and closing cost roll-ins, a home owner could move in with as little as a few hundred to a couple of thousand dollars. Which is a huge difference in the time it takes to save up to make a move.
With interest rates at an all time low, home ownership in today's market is a great investment. The money saved over a mortgage's lifespan can result in tens of thousands of dollars, if not hundreds. That's more money in your pocket today. Don't wait to buy when interest rates soar again. With low-interest rates, that means your monthly mortgage payments are at a significantly lower cost, as well. With such a heated housing marketing, rental prices are soaring, and statistics are consistently showing that home ownership can be equivalent to your rental rate each month, if not less. Why get stuck in a small two bedroom apartment, if you can move into a home a pay a monthly rate that is the same, and get a three bedroom house with a great backyard?
There is also fear that a home can keep you "stuck" or "rooted" to one place, without an easy transition out if you decide to move. Although the future of the housing market isn't easily predictable from location to location, you can always discuss with your agent about buying a home in an area that has a high turn-over rate when a home hits the market. The equity builds up when it comes time to selling is going to be far more beneficial, than if you put money into a rental and decided to move. The money from selling the property can be used to purchase a new home. With renting, there would be no additional funds to transition into a new place.
Now imagine if you were renting a home for $2000/month. If your landlord is renting to make a profit, think how much less you'd be paying on a monthly basis towards your mortgage, if the home was yours. Then you wouldn't be paying a landlord to profit off of you; you'd be paying a reasonable rate, and get to call the property your own. Discuss with your agent and lender the steps you need to take towards home ownership; you might be happily surprised about the type of home you can afford to move into.
For all of your DFW real estate needs: firstname.lastname@example.org
Author:Kimberly Le Phone: 214-717-8102 Dated: September 20th 2017 Views: 64 About Kimberly: Born and raised in the heart of San Diego, Kimberly studied psychology and business at Southern Meth...
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Rogers Healy, a native Texan, has lived in Dallas for the majority of his life. Before moving to Dallas, Rogers lived in Corpus Christi and San Antonio. Rogers and his family moved from South Texas to Dallas, in the early 1990’s, so he and his sister could attend the Highland Park schools. Rogers instantly fell in love with everything Dallas had to offer, especially the beauty and uniqueness of the homes and neighborhoods.
Rogers’ real estate career started in college. More than half of SMU’s students are from out of state, so the students constantly found themselves looking for someone to help them find a place to live.
“It is always rewarding helping friends find new places to live. I love being an ambassador for Dallas, it is a personal thrill for me. It was a natural fit to enter the world of real estate. I haven’t looked back since.”
For several years, Rogers had the good fortune of being associated with some of the nation's most respected real estate professionals. When the time was right, he started pursuing his dream of owning his own real estate business.
Rogers Healy and Associates Residential Real Estate was formed in 2007. The business has been built by taking a non traditional approach, to a traditional business.
“Being able to mentor and manage, based on what I truly love about real estate has been the biggest thrill of being a business owner. Our success as a company has been attributed to working among people I have the utmost respect and admiration for.”
In 2009, Rogers was named one of the Top 30 Realtors under the age of 30 in the country by Realtor magazine. In the same year, he was invited to be a part of the National Association of Realtor's YPN Advisory Board. in 2009, Rogers was named a finalist for NAR's "Pioneer Award. In 2010, the Dallas Business Journal named RHA one of the "Best Places to Work." In 2011, the Dallas Business Journal named Rogers Healy one the "Top 40 under 40," recognizing DFW's up and coming business leaders. In 2011, the Dallas Morning News named RHA the NUMBER ONE small business to work for and named Rogers the business "Executioner of the year." In 2012, Rogers was named to the Collin County Business Press' "Top 40 under 40.".
“Whether you’re looking to rent your first apartment, sell your luxury estate, or you’re looking for a property manager, we can take care of you. The fact that we’re working for our family and friends, makes it that much sweeter.”