Wednesday, August 27, 2008

Summer "Soldstice"

Here it is August and it's back to school time. Throughout the summer I have been assisting families with moving ... out of their present homes and into the new ones all before school gets started. Our local market is still a "buyers market". The sellers have been paying closing costs and offering home warranties and prices seem to be stable. If you have been thinking about buying a home, now may be the perfect time. Since this real estate "bubble burst" the cost of rent has skyrocketed! I know of people paying up to $2500. per month for a rental ... that translates to $30,000. per year invested in "somebody elses mortgage!" Why? Invest in yourself. Here's my example of a worse case scenario: you buy a home, live in it for a few years then try to sell it ... if you don't make any money on the sale of the home, you still lived there (exactly how you wanted) for years and didn't spend any money on rent. Even if you lost money on the sale, how much more would you have lost if you had been renting? [It pays to own.] If you make money on the sale of the house, yeah! Take that profit and put it down on another piece of real estate, only bigger and better! Or bettter yet, keep that home, rent it out for more than your payment and buy another home! Now you have a home which is likely increasing in value and rental property that pays you monthly and is also likely increasing in value! See how that works? I know, enough for now ... I just get so passionate about people owning homes. Log on to my website:
Look around, ask for info, think about buying. I'm here to help.