4 General Stages of the Buying Process
Because home prices are rising, putting off buying a home (even by a year) will cost you substantially more for the same property. You also will lose out on the appreciation (since prices ar erising) which can also be quite substantial.
3 Key Reasons It is a Good Time to Buy
I. Home Prices are Rising
Interest rates are expected to rise in the first quarter of 2017.
When interest rates go up even 1 point, it makes the same property much more expensive on a monthly basis.
II. Interest Rates are Expected to Rise
Paying rent only makes your landlord rich.
Buying property is an investment in your future because it is a forced savings, provides tax deductions (why not let Uncle Sam pay some of your monthly housing costs), builds equity and overall wealth.
It is an Especially a Good Time for First Time Home Buyers
III. Owning is Much More Financially Advantageous than Renting
The Tools To Make it Happen:
The most important phase of the home buying process
Set Goals (house size, location, schools etc), Review Finances with Mortgage Professional, Analyze Market Data, Compare Neighborhoods, Preview Homes With Your Real Estate Agent, Obtain Pre-Approval, Agent Writes and Presents Offer, and Negotiates Price and Terms.
Contact a Mortgage Specialist Now
After all inspections issues are settled, the title search us complete and the lender has finalized your mortgage commitment it is time to take ownership. The closing day requires signing alot of important documents. The property is yours once they are all signed.
View the Tax Advantages You will Have as a Home Owner