Here are my top three reasons to make a real estate purchase now:
- The Asheville market is flooded with real estate inventory. With more competition among sellers comes a greater willingness to negotiate, bringing prices down. Plus, this greater inventory brings more to choose from when shopping.
- Interest rates are at historic lows. If you are financially qualified and confident that your means of making payments is solid (i.e., you are not in fear of losing your job), it IS a good time to borrow money. You can get more house for the money. Or, better still, you can enjoy a lower mortgage payment on the house you need.
- Real estate is the #1 way Americans amass “wealth.” The U.S. Federal Reserve Board’s Survey of Consumer Finance showed that home owners have an average financial net worth 46 times greater than that of a renter. Take a look at this example, an excerpt from Gary Keller’s Book, “Your First Home.”
Right now is an exceptional time to become a home owner!
I highly recommend the book “Your First Home” by Gary Keller if you have not been through the home buying process before. The book breaks it down into simple steps and explains the process in terms everyone can understand. To purchase the book, click here.