Why do people buy a home? Are the motivations the same for families with small children vs. retirees vs. millennials.Know your motivation. This will help you stay on track with
Now is the Time to Buy or Move Up
Low Interest Rates: For every 1% you save in interest, you can buy 25,000 more home, for the same mortgage payment. Interest rates are the lowest that they have been in 30 years.
Low Home Prices: Home prices are lower than when the bubble burst, but are on the rise. Short sales, foreclosures, and the economy are holding prices down, but conditions will
change. Be positioned to ride the upswing.
Tax Benefits of Owing vs. Renting: When you own, you can write off all of the interest you pay each month resulting in a larger tax refund or tax credit.
Stop Throwing Money Away: If you spend $10,000 in rent , it is gone! If you pay $10,000 in mortgage payments, you gain equity that you can recoup when you sell the property.
Low interest rates and a buyers market for Luxury homes. This is the best time in 40 years to move up. Interest rates are still low and homes in the 200 to 400 thousand price are
selling fast. Luxury homes are selling slower, giving the move the move up buyer a great opportunity.
EXIT Realty DTC
383 Inverness Pkwy. Suite 140
Englewood, CO 80112
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