If you expect to remain for several years However, the smart location offer the flexibility for those who create new jobs. He, no doubt, we are not in a time of economic uncertainty. Jobless claims are rising and sales, and harder than ever to borrow for all purposes, including the purchase of a home. Therefore, it is still useful to buy a house? Here are some ideas: Buying a home is perhaps the concept of long-term investment. Day to buy a house this year and next year will be sold to a large pipe, which lies behind us and will probably remain so for a while.
Therefore, it may not make sense to buy a house when they decided to remain a place for some years. If your situation requires that you be over several years, or if you wait for the opening of employment opportunities elsewhere in the coming years will be better than letting your home. Do not forget to pay your mortgage in the first five years of ownership is almost nothing, and we simply can not all forms of identification for the foreseeable future. Yes, most economists believe that the current malaise will end, but if there is no agreement. And there is a real possibility that your house is worth more than it is today.
One of the disadvantages of real estate is likely to sila high transaction costs. What I mean is that there are significant costs associated with buying and selling of goods which can not be avoided. For example, if you buy a house, it is likely to pay the estate agent and lender and may be inferred. Fees are often thousands of dollars. At least you can contact the seller to pay the costs that are normally included in the price of the house and can not be returned. So, if you sell, we now expect the buyer to view the tab for many of the costs associated with the sale. If your house has appreciated more than it is new, you can send money on the table, only to the sale. The situation is not only financial idiots.
In recent years, buying a home as a tenant not to dumb your cousin who ate the white flesh of the first class. This is not the case today, the freedom of the end of the lease and move the jobs to which it calls the intelligent planning. In addition, because many households can not afford their mortgage payments, many have focused on leasing as a means to supplement their income. So, if you buy, you are very well equipped to rent a nice house where you pay less than the actual cost of ownership. In other words, the owner, in May, in effect, subsidizing the rent. I know that the day came in May when the rent is again less than a sense of the financial move, but it is not the case today.
If you buy, the number of exit strategies. In the best of all, buying a house, which is used for many decades, so that the inevitable development of the family and give you happiness and satisfaction of the track. But if not, and if it happens in the market, sold the house perfectly, if you sell, an alternative approach. In other words, you can rent a house to suspend payments if you do that? It is more realistic to the fall in prices higher than those of the real estate prices with more weight to arguments for the entry of luxury instead of colleagues. > Take advantage of the gaps in the market. Elsewhere in the piece, now you can use cheap prices and the lowest interest rates we have for generations.
If the possession of a sense, then it is time to buy. The concept of value depends on supply and demand, and now has a large amount of "gray duck house from the bank, under pressure to sell, sometimes at discounts of 50 percent or more. If you are willing to invest time and money on cosmetic improvements, you can purchase a whole, but this game is not for the faint of heart. You need patience, a lot of money, time and patience.
The use of professionals in their favor. This is not the time to walk alone on the real estate market. Good research, including the representation of professionals and a lot of patience can lead to non-standard offers. But it is extremely important that you "start to finish" The Game Plan, the advice provided by your agent, your attorney and your lender
