7 Reasons NOW is a Great Time to Invest In Real Estate
July 12, 2016
As hard as it may be to believe, but there is not a better time for buying a house than today, in 2016. You should be placing your money where it will multiply and what better way than to purchase a home to do so.
These moments in history come once every few decades or so. So make sure that if you are looking into buying a home, do it now and don't wait.
Below are several reasons why now is the best time:
1. Interest rates are incredibly low.
When interest rates are low, it leads to lower monthly payments. What does this
mean for real estate investors? Due to changing market stats, such as the most
current "Brexit" issue, interest rates have drastically dropped.
2. Banks are starting to lend again.
Remember in 2008 when banks took stricter rules when it came to lending due to
the recession. Most people found it difficult to buy a house since banks were not
easily lending. It is all about having a good credit and a decent paying job.
3. Prices are the perfect range.
When you look on Zillow or any other real estate website, you'll find it impossible to
believe that prices are actually not too high. But for those who want to look and find
a good deal, its possible. So the key is to find a realtor who is as passionate about
getting you a home as you are about finding your own home.
4. Technology has made the process easier.
Back in the day, it took a lot of driving around, meetings, appointments, reading
pages of documents to close on a home. Fortunately, now, there are phones
connected to e-mails which you can send documents to clients and other realtors.
You want a report of new listings? Your agent is able to set you up on a website so
that you can automatically receive new listings that match your criteria. Basically, it
can't be easier to go through the process than it is now in the 21st century.
5. Find the knowledge.
The internet is good for many things, as mentioned above. It is also good for
educating yourself or others on the secrets of buying a home, on the entire process,
and many other questions home buyers may have. This is all due to the fact that
there are many blogs, personal and professional to help you through the way.
6. Your job won't always be there.
Yes, you may have a great paying job and a reliable contract. But that does not mean
that it isn't highly possible that you may lose that job suddenly. So don't wait on it. If
you know you qualify, go in and talk to lenders and realtors to get you started.
7. You will wish you had started sooner.
There is a lot that goes into investing and TIME is a major factor. You need to start
now so that you have a safety net in a couple of years. We are not saying that
everyone needs to go out and buy a house in order to be rich. But we are saying that
for those who are able to afford a home should look more deeply into purchasing
one in order to create a brighter future for themselves.
Original Post: https://www.entrepreneur.com/article/278263
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