Contrary to popular belief, there are pros to renting vs. home ownership. Proponents of renting value the flexibility it offers – especially for short term stays. Renting also ensures that unforeseen home repairs won’t derail your savings.
While most understand the long-term benefits of home ownership, it may feel out of reach due to massive cash down payments and the added expense of maintaining a home. Those who can’t qualify for financing due to a lack of savings, other debts, or poor credit simply have no other choice. Since renting does not provide the opportunity for generating wealth like home ownership does, many encourage renters to jump off the merry-go-round as quickly as they can. We take a more balanced approach. Before you renew your lease, ask these 5 questions to see if home ownership could be in your future.
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You dream of home ownership, but the down payment requirement dashes those hopes. I mean, who has tens of thousands of dollars sitting around? Many mistakenly believe they need an impossible 20% down payment to put toward buying a home. But the reality is homeownership can come at little or no up-front cost through down payment assistance programs.
It was recently reported that over 2,000 buyer assistance programs exist in the U.S. – the average benefit between $10,000 and $12,000. Yet many of the home buyers I’ve worked with didn’t know these existed or how to access them. In fact, a recent survey suggested that less than half of non-homeowners are aware of any down payment assistance. So here are the basics on these programs as well as 3 easy steps to see if you qualify! If you are thinking of buying a home, the 2023 housing market promises to be especially challenging to navigate. Here are 3 reasons why, and how you should respond.
The 2023 real estate market is eclipsed by higher interest rates, strong home values and swirling fears over economic uncertainty. Savvy consumers watching national trends and headlines question if it’s time to buy…or time to wait.
Here are 4 questions to ask to help you decipher if 2023 is your year.
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MoreOwning real estate should be a journey of building & preserving wealth through the equity in your home or other properties. Our resources are designed to give current and would-be homeowners tips & trick to maintain, improve & shop for their greatest asset. Your search for value in real estate stops here. Archives
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