People ask me all the time when is the right time to buy. I often ask.. Are you paying rent right now? The answer is usually yes. If the answer is Yes. Then Now is the right time to buy.
There are so many benefits in Buying as opposed to Renting. You build equity and tax deductions when buying as opposed to renting. Renting you will never see that money again. Buying when the time of the market is right you will not lose value. The key is to buy smart. The reason a lot of people lost a lot when the real estate market crashed is they bought too high, bought too many, and above there means. Buying Smarter will always Win!
1. Buy when interest rates are low. For the last year the interest rates are at a new low that has stayed low. Rumors are they will increase (which they will by 2015) Figure out your monthly payments.
2. Build Equity- yes there are things that will break that you will have to get fixed in a home, but if you stay within your means you can often buy for less than you are renting and save that extra little bit back for repairs.
3. More space for your money- get what you want and make a home yours.
4. For more tips contact Sarah Boston KW Realty Expert
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