To Buy or Not to Buy, That is the Question

People often struggle with the thought of purchasing a home.  After all, it is a rather large purchase –  perhaps the largest purchase a person will ever make – and the thought of a mortgage makes some people break out in hives.  Clearly understood.

I help people buy houses every day, but when it comes to buying my own, I get a little nervous also.  That makes me laugh, because I’m not nervous at all when it comes to helping good people like you. 

I even know a good deal when I see one, but I always seem to question myself when it comes to my own money.  To know me, you wouldn’t think I had an issue with confidence.  Bottom Line:  It’s important to make a good decision.

That being said, is buying a home a good decision?  Generally yes.  While many people feel as though they cannot afford to own a home, many of them can and they don’t even know it.  And quite frankly there is not much difference between being committed to a mortgage or a lease.  You pay you stay – you don’t you won’t.  Pretty simple.  And banks today may in fact be more understanding and willing to help people in distress than a landlord.

So why would you buy a home?  There are lots of reasons, emotional and practical. But financially, I would say there has never been a better time. Here’s why:

1. The average net worth of someone who owns a home versus a renter is 46 times greater.
2. Both prices and interest rates are very attractive right now.
3. Banks (despite what you read) are lending.
4. Housing values have risen 6% per year historically for the past 50 years which means that home prices will double every 12 years.

The list could go on and on.  There will always be something to worry about, but worrying never got anybody anywhere.  It’s time to take action.  Start today and find out when home ownership is right for you.