Does buying a home make sense for me?
Purchasing a home is a great alternative to spending thousands of dollars a year on rent AND in most cases, it’s actually cheaper than renting. In less than 5 minutes, we can help you get started planning for home ownership and help you decide what option is best for you! We’ll guide you through the home buying process, give you some quick tips for drastically improving your credit, and put you in the driver seat for finding the home of your dreams!
3 Reasons Why Buying a Home is a No-Brainer
Think about all the money you’ve spent over the years on rent. Now think about how nice it would have been if a portion of your rent went into a savings account each month. Guess what? When you buy a home, a portion of your monthly payment goes towards the equity in your home. So instead of lining the pockets of your landlord year after year, you could be putting money into a tangible savings account: YOUR HOME
2. Interest Rates are Still Historically Low
As you can tell, we’re still seeing interest rates at the lowest they’ve been since the 1960’s. As of May 2016 the interest rates were still hovering around 3.60%. Our friends over at the Federal Reserve (US Federal Bank) have kept these rates low over the past several years to encourage home purchasing. Over the next few years it’s clear interest rates will steadily creep up, but it will be very slowly. As rates continue to stay slow, home ownership is affordable to those who would never have thought it to be possible. In fact, if you can afford $1000 per month in rent, you can get qualified to buy upwards of a $200,000 home.
3. No More Moving, Unpacking Boxes, or fooling with storage units
We so easily forget how miserable moving really is. Every time we move we swear and promise ourselves we aren’t doing that again for awhile. We spend hundreds of dollars on boxes, miscellaneous items, tape, movers, cleaners, and a laundry list of others items all to do it again next year. This time hold true to your moving frustrations. Make this next move your last and save yourself all the money moving sucks away.
Why Choose Morris Realtor Partners?
“Morris Realtor Partners helped us find a home in the Old Fourth Ward. Ben was very helpful throughout the process and his knowledgeable advice made us confident we found the right home! Having someone that is always looking out for your best interests makes the process much easier!”
~ Hannah Wineburg
“Recently closed on my first house in Kirkwood with one of the best in the business. Couldn’t have done it without the hard work this guy put in to make the process push forward through all the bumps in the road along the way. He definitely earned his paycheck grinding out this deal and future business. I couldn’t be more grateful to have had such a solid agent”
~ Brenden Howell