Q.I’m thinking about purchasing a home. What should I know before buying?
A. If you’re thinking of investing in a house now or wondering whether you should wait, here are three important things to consider:
1. Renting vs. Buying. If you rent a home, it could cost you less each month...and you might have more money to invest in other endeavors. But if you put your money in a low-interest money market fund, generally you will not earn as much as if you had invested your money in a house.
2. Housing Prices and Interest Rates. You may be waiting for the housing prices in your area to fall. They may not. However, usually when they do, the interest rates will be higher. The amount you gain could be significantly less over the long-term cost of the mortgage. Therefore, waiting may not be in your best financial interest.
3. The Break-Even Point. The average break-even point for buying and selling a house is three to five years. If you plan to move before then you may want to seek professional advice before purchasing property if you want to realize a profit on your investment.
If you are in the market for a buying or selling a home and need competent and caring representation, please call me at 905-925-0007 or email at firstname.lastname@example.org.
Author:Jeremy Romano Phone: 905-925-0007 Dated: June 14th 2017 Views: 132 About Jeremy: I am a Full-time Realtor in the Durham Region and Kawartha Lakes market, and have lived here for ove...
Your Source for Homes in the Durham Region, Northumberland and Kawartha Lakes Area.
For years now, Jeremy Romano Team has been going above and beyond for their clients within the Durham Region and Kawartha Lakes Area. They help more people using their unique approach and passion for real estate. Whether you are buying a house for the first time, looking to up-size, downsize or invest, Jeremy Romano Team is there to guide you.
We are here to lead you through the process of buying your dream home or selling your existing home for top dollar.
Are you looking to buy a home or an investment property in the Durham Region and Kawartha Lakes Area?
We offer these unique services:
Access to off market properties
Are you up-sizing? Downsizing? Curious about selling?
Our streamlined selling service will get you top dollar!
We are thinking of buying a house as a rental investment. What
"My husband and I listed our house with Jeremy Romano on a Tuesday and it was sold by Saturday. The time and effort Jeremy put into getting the word out there in that short time was next to none. He's an exceptionally honest, efficient agent who obviously knows the business very well."