I have been a real estate agent for almost four years and the one thing I've noticed about potential homebuyers is the fact that they're scared to start the homebuying process because they don't feel like they can. Little do they know, a lot of them are closer to homeownership than they think .
The ongoing watercooler chat right now is about the rise in interest rates so let's touch on that first.
Let's talk interest rates:
Despite the current challenges of rising interest rates, now may be the perfect time to start your search fora new home because rates are still near historic lows. This is an opportunity to find and secure a home that fits your budget. Finding a home that fits your budget now even with higher interest rates means that if or when interest rates were to drop, you can refinance your home and your mortgage will be even lower. That's a win-win for you as a homeowner.
Let's talk inventory:
The current real estate market offers a higher than average inventory of homes for sale not to mention all the new construction communities popping up everywhere. This provides a greater variety of options for you to find the perfect home that fits the needs of you and your family.
Let's talk affordability:
Transitioning from being a renter to a proud homeowner doesn't have to be scary. Your mortgage repayments can provide stability and a sense of ownership, just like the comfort and confidence you felt as a proud renter, but way better.
Let's talk memories:
Your home is where you can create lasting memories with your family and friends. Owning a home really allows you to personalize it to fit your needs and taste. I don't say this to discourage renters, rather to inspire you to take a leap into homeownership with me.
What are some concerns you have about transitioning from renting to homeownership?
Happy House Hunting!
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