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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.
Stuck in your lease and want to buy a house. You may have options to get out of that lease to purchase your new home! Here’s the thing: the answer is always “no” unless you ask. And there’s zero risk exploring your options, right!?Today during your lunch break, grab your phone and call, text or email your landlord and ask him or her if you have any options or opportunities to “break” your lease.
The Federal Reserve has announced that it is dropping interest rates. Finally! The Federal Reserve has announced that it is dropping interest rates, which means that mortgages are going to be cheaper in the near future. This is great news for people who have been thinking about purchasing a home – now is the time to do it! Home prices have not yet dropped as much as interest rates, but you can still get a great deal on a property.
If you're a business owner, you may be wondering if it's time to move your business to San Antonio. There are many great reasons to make the move, and in this blog post we will discuss five of them. San Antonio is a great city for businesses because it has a strong economy and a low cost of living. Additionally, there are many great resources available in San Antonio that can help businesses grow and succeed. If you're thinking about making the move, read on for more information!