Buying or Renting in Raleigh, NC-Phyllis Wolborsky & The Wolborsky Group
Buying or Renting in Raleigh, NC-Phyllis Wolborsky & The Wolborsky Group
With low mortgage rates and strong housing inventory, renters have a lucrative incentive to look into home ownership. In many instances today's hictorically low interest rates can create a financial advantage for buying over renting. Factoring in tax savings and long term appreciation home ownership can make a significantly positive impact for the right buyer, without the negative impact of a large mortgage payment.
NAR President Ron Phipps explains that many renters are considering home ownership to hedge against inflation. The typical buyer today plans to stay in a home for 10 years, while rents are projected to rise at faster rates over the next few years,"he said. "As buyers gain more financial security, the advantages of home ownership become more obvious. Rents will continue to trend up, especially in comparision with a fixed-rate loan which provides financial stability, and gradual accumulation of equity over time."
The dream of home ownership for our parents and grandparents was to buy a home as soon as you had saved enough money for the down payment and were sure you would always be able to afford the monthly mortgage payment. They were buying a home for life. This might not seem true with today's economic struggles. Not true, if you can qualify for a loan, your income and career are stable, and you can reasonabley predict the home you will need in the years to come the time is right to BUY NOW. If you cannot qualify for a loan, today is the time to start preparing to take the journey to home ownership. As you know and I have indicated, interest rates are low, homes are affordable, and you have lots of choices. Why put off til tomorrow what you can do today.
View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.
http://www.phyllisdiditagain.com/Properties
If you are in the market to buy or sale real estate please visit my website at www.PhyllisDidItAgain.com or www.AllenTate.com/PhyllisWolborsky to view all of my featured listing and the listings offered by our MLS service. Call Phyllis Wolborsky at 919-876-2372, Visit Brian Wolborsky at www.Raleighhomeguide.com, or call 919-427-9508, call Mitchell Wolborsky at 919-270-1049, Kevin Wolborsky at 919-608-2000, Rick Freeman and Amy Davis at www.HomeSearchRaleigh.com or call 919-649-2941, or 919-649-6638.
Have a great day and it would be our pleasure to assist you with all of your real estate needs.
