Home Buying in 2023: Expert Tips for Making the Best Decision
Wondering if buying a home now is a SMART move?
Purchasing a home in today's real estate market has been a hot question for most.
Here are the crucial FACTS that can help you make the right decision for you and your family.
🔸 Interest Rates
Yes, mortgage rates have gone up, but don't panic!
There are options like the 3-1 buy down that have helped many of our clients secure their dream homes at rates up to 3% lower than the market interest rates.
Sometimes, this comes at little to no cost. So, buying a home isn't necessarily out of reach.
Owning a home has historically been a safe investment.
Over the past five years, the average home price has increased by 56%
And over the last 30 years, it has seen an impressive 290% increase!
Imagine a house you bought three decades ago is worth almost three times what you paid for it.
🚨 However, remember that every purchase may not yield such results. real estate markets can vary greatly by region and other factors.
Renting has its perks too. It provides flexibility and fewer responsibilities for property maintenance.
But unlike homeownership, renting typically doesn't offer long-term financial benefits like home equity.
Over 30 years of renting, you might miss out on substantial home value growth.
Unsure about Buying? No worries!
It's completely understandable.
But owning a home could be more achievable than you think. There are long-term benefits that can significantly impact your financial future.
If you're ready to explore your options or find out if homeownership is right for you, reach out to us at Matt Smith Real Estate Group.
We'll be more than happy to help you navigate the real estate market.
Click here to access our FREE mortgage calculator.