We should live every day like it is a holiday, being thankful and spending time with family, and looking hopefully to the future. Hoping you will be surrounded by love and warmth this holiday season. From Brentwood and Franklin Tennessee I wish you a Merry Christmas.
Investing into property makes perfect sense, providing you do plan on living in or keeping the home for at least five years. Most of the monthly payments of the first five years get absorbed by interest. After at least five years you will start reducing the principal debt. The majority of us are not great monthly money savers. Dr. Eli Beracha of East Carolina University, who co-authored the paper with Ken H. Johnson of Florida International University, said according to recent research that buying a home is better than renting one, because the mortgage became a forced savings account. He added that people renting should invest their savings. The research found that most of the people who do save money, do not invest. Therefore, buying a home now is a better option, especially with the low interest rates and low home prices.
Once you found the most suitable home you want to buy, you can make an offer. Your Real Estate Agent can assist you with the offer. Consider the following: The price should be in line with comparable prices; the condition of the home (will it cost you a substantial amount of money to refurbish); how long has the home been on the market (the seller may be eager to sell at a lower price); make sure your offer is an affordable one. Take all your living expenses into account and make sure you can afford the installment. The price you are offering should meet the comparable prices of the area, meaning houses sold recently in the same neighborhood with the same square footage and similar floor plan. Offers do get rejected. The seller is more likely to accept a fair market value related price. The real estate agent will negotiate on your behalf.
Trustworthy and educated sources of information such as: Forbes Magazine (The Next Mortgage Crisis); Wall Street Journal (It’s time to buy that house); Market Watch.com (Now might be the best time ever to buy a home) and JP Morgan Market Insights (Housing: a time to buy) suggest that there has never been a better time to buy a home.
To invest in a home now will be a wise decision. As a trustworthy, well established, reliable and friendly Real Estate, in Brentwood and Franklin Tennessee, we are keen to offer our services to you.