Home ownership rates are the lowest they have been in the last 50 years. Yet, a large portion of Americans are 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% down towards the cost of the home in order to move forward, but this is not 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 thousand dollars. Which is a huge difference in the time it takes to save up to make the move.
With interest rates still 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 constantly showing that home ownership can be equivalent to your rental rate each month, if not less. Why get stuck in a small 2 bedroom apartment, if you can move into a home a pay a monthly rate that is the same, and get a 3 bedroom house with a great backyard?
There is also a 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 us about buying a home in an area that has a strong turn-over rate when a home hits the market. The equity build 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 our trusted experts and your local 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 more information, Call us at 504.382.3724 or visit www.myNOLAhome.com
Author:Jeff Craig Phone: 504-352-6190 Dated: September 25th 2017 Views: 230 About Jeff: SELLING? Our Team of Experts will work closely with you, listening to all your needs. For each of ou...
View our latest blog posts in your RSS reader. Click here to access.
About Keller Williams Realty | The Craig Group 504.382.3724
ABOUT KELLER WILLIAMS REALTY NEW ORLEANS
8601 LEAKE AVE. NEW ORLEANS, LA 70118
Since Keller Williams Realty New Orleans (KWRNO) opened its doors in November 1998, the office has grown to over 100 licensed real estate agents and brokers. This remarkable growth is a product of a company whose business philosophy and model combine to attract real estate agents looking for the most professional and supportive business atmosphere available.
At the end of 2012, the Market Share Report compiled from Multiple Listing Service (MLS)® ranked Keller-Williams Realty New Orleans #1 in market share of any single office in Orleans Parish. With sales totaling over $172,900,000 in 2012, KWRNO is effectively positioned as the largest and most successful single real estate office in terms of buying and selling residential real estate in the New Orleans area.
SELLING? Our Team of Experts will work closely with you, listening to all your needs. For each of our clients, we extensively research the market to come up with the best selling price and marketing strategy to insure that your home is listed at the proper price to sell in a timely fashion. We are highly motivated and organized people putting your best interest as our TOP priority.
BUYING? We would LOVE to assist you in finding your “dream home.” We pay excellent attention to your housing needs as we search for the perfect home for you. We know the area well and will give you insight on what might work best for your family and personal interests. We will devote our time to help you and your family find your dream home as if we were looking for our own. There are so many lovely homes in the New Orleans Metro & Northshore Areas, Our Team is sure they can find the perfect one for you within your price range!
We would be honored to earn your trust and help you find your own place to call HOME!
Buying or selling a home is one of the biggest financial decisions you will probably ever have to make. Having the right real estate agent by your side representing you is very crucial to having a successful real estate transaction. Experience matters. When you choose to do business with Craig Realty Group of Keller Williams Realty New Orleans, you are choosing a team of experts with 20 years of combined real estate, marketing and sales experience. Our agents truly care about YOU and your needs. Give us a call today and let us guide you through the real estate process 504.382.3724.
Alicia Lagarde Craig 504-382-3724 | Jeff Craig 504-352-6190
Article Shared from The Advocate.com By Richard Thompson | August
"This agent was on top of her game. My home was SOLD quickly. Alicia is very nice and goes the extra mile for you.
Anyone looking to buy, sell, rent or own a property, I would highly recommend Alicia lagarde Craig! She is the bomb.com"