A few years ago houses were going for half of the price they are going for now if not lower. Because of the house market crash, the prices were so low the banks were practically giving them away. Interest rates were dropped to historic lows to help people buy homes and encourage home ownership. The prices of homes have went up. But, they are not all the way back up to normal prices just yet. That will be changing soon. Because of that, it is a good time to think about buying if you haven't already. If you buy now, you will have more nicer homes to look at than what you will be able to approve for when the prices start rising again. And fortunately interest are still at historic lows. Don't miss out on this opportunity. If you missed the first ship, don't miss the second one too. You will regret it. Especially with rising rent prices. If you haven't noticed, rent prices in Atlanta and Metro Atlanta are now caching up with other states with high rent prices. It is a much better choice to buy a house than paying someone elses rent. And they pocket some of the money if not all of it. Investors and hedge funds are renting house out now only for profit. They bought them so low when the market crashed that they are now racking money in like crazy. Don't let them get richer off of your expense. Buy your own house! If you are not ready for the responsibilities of a house, buy a condo or townhouse. Then when you are ready for a house, rent your condo/townhouse out. Then you can start renting it out and charging your tenant more and you pocket the cash. Your mortgage will be lower than their rent. Just buy something because you really want to get out of the renters trap now!
You really want to take advantage of the low interest rates right now. Like Jay Z said "Men Lie, Women Lie, Numbers Don't." A small change in interest rates can drastically change how much you pay in mortgage. The housing market is booming and prices are definitely going up. If you wait, you are facing increasing housing prices and increasing interest rates! THAT IS A FACT! And because of the rising prices in rent (8% rise coming this year according to NAR national Association Of Realtors) you WILL have to move every other year. And now because of the new CFPB Fed laws, the amount of times you move will now be factored into your risk factor when you finally decide to apply for a home loan.
⚠BE WARNED...THE CARDS ARE STACKING AGAINST YOU!⚠ If you wait and face these issues when you decide to buy, just remember I tried to warn you. In simple terms, YOU NEED TO START PREPARING TO BUY A HOME OR YOU WILL SUFFER THE CONSEQUENCES OF WAITNG. #FACT