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8
Nov

Buy Early, Buy Now

November 8, 2022

Owning a home is so much more than just having a place to live. Owning property is one of the first ways to build generational wealth and give your family and your children a step up in their financial security. It is an accessible and fast way to start your investment portfolio. Purchasing a home guarantees a return on your investment, earning you equity and giving you a piece of the real estate market. One of the easiest ways to build wealth is by investing in real estate, starting with your home.

As you may already know, there is a lot of talk about interest rates but the truth is interest rates fluctuate from year to year, month to month, and even day to day. Instead of worrying about interest rates, we recommend assessing your finances and organizing yourself to take advantage of the equity you will build when you purchase a home. You can always refinance your mortgage but your house and the value you will build in it will last for years to come.


Here in Bexar County, purchasing a home early pays. Home prices traditionally increase each year and here in San Antonio, home prices appreciate by 7%-10% due to the city's high population growth. Because of this, there is a fiscal cost of waiting to buy. This means the prices on the same home you saw this year will no doubt be more expensive the next year despite zero changes to the home. When buying early, you lock in a lower home price and begin to build value as we said in point one. Interest rates may decrease, but house prices will not. So if you're contemplating buying a home now is the time, waiting will only cost you more in the long run.

Need help navigating all of this? Give Robert Ott a call today at (210) 774-9936.

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