You might be tempted to think that now is not the right time to purchase a Rent To Own Homes, house due to rising prices, dwindling inventory, and frequent bidding battles. It may be, and there are still encouraging signs despite all the scary news in the real estate market.
For example, interest rates are still low, and inventory is actually larger than first thought. Let’s dive deeper to see why Fresh Start Home Sales believes you should purchase a Rent To Own Home in Atlanta right now.
1. Low Mortgage Interest Rates
The time is right now to purchase a house in Atlanta because of historically low-interest rates. Fresh Start Home Sales and nearly everyone else agree that home buyers should benefit from these rates before they arise.
You will pay less interest on the money you borrow if you buy a house right soon after you get into a Lease To Own Home Program right away. . . Wells Fargo offers 2.875% for a 30-year mortgage and. . . The national average is 2.838%. . . . [I]n 1981, that figure was 18%. Twenty years ago, it was just 7%.
While rates have fallen over the last several years, no one expects them to remain this low forever. Many industry experts predict a rise in interest rates, possibly even quite steep, over the next 12 months. “An increase of 1% over 30 years could see tens to thousands of dollars going to your mortgage lender, rather than your child’s college fund or retirement accounts.”
Getting into a Rent to Own Home Now will allow you to take advantage of being ready to buy the Rent-To-Own Home as soon as possible
2. The Market Won’t Crash
There are some similarities between the current real estate market and the events of the sub-prime crisis and the crash that occurred in 2008. Many potential home buyers wait for the market crash and prices to plummet because of these apparent similarities, and this is unlikely to happen soon, if ever.
Although home prices fell before the last crash in 2008, a different set of market conditions prevailed. One reason prices rose was because lenders granted high-risk mortgages for buyers with bad credit. With more people buying homes, prices went up. When many people couldn’t afford their mortgage payments, there were many foreclosures, and prices dropped.
However, what is currently happening is evolving differently, so a crash is unlikely. The trend of rising home prices is expected to continue into the future. Fresh Start Home Sales believes that you should Rent To Own a home in Atlanta right away to avoid being priced out.
3. There ARE Plenty of Houses for Sale
In most real estate discussions, the common thread is the belief that there is insufficient inventory to satisfy the demand. Although that’s partially true, there are still houses available to purchase, making now an excellent time to buy a home in Atlanta.
There is a housing shortage. However, the homes available for Rent To Own are growing, which means potential buyers have more options. It is good to have more options. Buyers have the ability to be very picky about features and finishes that they might not have chosen if they had bought a house a few years back. Real estate agents can now find the right house for their clients, as many more homes are available.
There is a myth that there are not a lot of houses available for sale. It would be best if you worked with a Fresh Start Preferred Rent To Own Homes Atlanta agent to find the perfect house. Call 678-337-1165 to learn more.
In most real estate discussions, the common thread is the belief that there is insufficient inventory to satisfy the demand. Although that’s partially true, there are still houses available to purchase, making now an excellent time to buy a home in Atlanta.
There is a housing shortage. However, the homes available for Rent To Own are growing, which means potential buyers have more options. It is good to have more options. Buyers have the ability to be very picky about features and finishes that they might not have chosen if they had bought a house a few years back. Real estate agents can now find the right house for their clients, as many more homes are available.
There is a myth that there are not a lot of houses available for sale. It would be best if you worked with a Fresh Start Preferred Rent To Own Homes Atlanta agent to find the perfect house. Call 678-337-1165 to learn more.
Another reason the folks at Fresh Start Home Salesvthink you should buy a house right now in Atlanta is that, with rising home prices, you have the potential to build equity fast. If you buy a house now and prices continue to increase at current rates, your home will be worth much more in a short period of time.
“Prices have risen over 15% in the last year, giving homeowners — even newly minted ones — serious profits when they decide to sell. Buying now would give you a chance to capitalize on this growth and really build up your equity fast.”
4. The Potential for Fast (And Possibly Substantial) Equity
Of course, the rate of price increases (or whether they increase at all) varies from market to market. So be sure to consult your [market-city] agent at 678-337-1165 before taking the plunge.
5. Owning Still Better Than Renting (Usually)
Renting is a great time to purchase a home in Atlanta. Having your own house beats renting almost every time. Two main reasons why owning a home is better than renting are
Your monthly payments are fixed
You are building wealth and equity.
Your monthly rent payment is subject to the will of your landlord. Your landlord can raise your rent if she so chooses. As a homeowner, you know exactly what your monthly mortgage payment will be.
Furthermore, renting is a way to build wealth for your landlord. . . Your monthly rent payment is dependent on rising rents. You don’t get the benefit of home appreciation. You’re creating wealth by owning property, and you get appreciation, and your monthly payment is locked in. The equity that comes with homeownership is still a significant factor in wealth creation for many Americans.
The vital role of a preferred Rent To Own Homes Atlanta agent
These are just a few of the compelling reasons Fresh Start Home Sales believes you should learn about Rent To Own Homes programs in Atlanta right now. Even though this is a great time to buy, there are still some issues in the current market. Find an experienced agent in Atlanta. Call us at 678-337-1165 if you are ready to seize this opportunity and rent-to-own a house in Atlanta.
- Your monthly payments don’t change
- You’re building equity and wealth.
As a renter, your monthly rental payment is tied to your landlord’s whims. If she wants to raise your rent, then she does it. But as a homeowner, your monthly mortgage payments are locked in, and you always know what you’ll have to pay each month.
In addition, “when renting, you’re building your landlord’s wealth . . . your monthly payment depends on rising rents, and you don’t benefit from home appreciation. When you own property, you’re building your wealth. Your monthly payment is locked in, and you benefit from appreciation. Homeownership – and the equity it brings – is still a key factor in wealth building for most Americans.”
Importance of a Atlanta Agent
These reasons why Fresh Start Home Sales thinks you should buy a house right now inAtlanta are indeed some compelling reasons. But even though now is a good time to buy, the market is not without some difficulties in its current state. That’s why you need to work with an experienced local agent in Atlanta. If you’re ready to take advantage of this opportunity and buy a house in Atlanta, contact us today at 678-337-1165.
from Blog – Fresh Start Home Sales https://www.freshstarthomesales.com/buy-a-house-in-atlanta-5/
via https://www.freshstarthomesales.com
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