Homeownership Is Simpler than You Think

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If you have friends or family living with you who think they can’t afford to own a home, they are wrong. Today we are going to discuss how you can help them become homeowners and get them into a property.

If you have people you know that live with you, what I am finding a lot is this: People say they don’t make enough money, have a good enough job, or have enough of a down payment to buy a house. On the Justin Udy Team, we have begun to solve this, and are getting these people qualified to purchase and helping them buy a home.

The small box that homeowners had to operate inside of for so long is much bigger now. There are more incentives and more programs aimed at first-time buyers. If you know somebody like this, have them reach out to us, so we can get their info and see if it’s the right fit. If not, we put a game plan in place to get them there.

Right now, new homeowners have a lot going for them. Here are 4 of the best reasons why people are deciding to buy NOW:

1. Low interest rates, most below 4%.
2. Rental rates are increasing at a much faster rate than mortgage rates.
3. Buying a home is a forced savings plan, where a portion of your monthly payment is going towards paying your home off.
4. This year alone, we have seen a 4% increase in home values in some areas. If you have to live somewhere, why not lock in a low interest rate and use your savings on rent to buy a new home, instead of paying someone else’s mortgage off.

These are just a few of the reasons why buyers are flocking to our area to buy homes. If you have any questions about the market, or anything else real estate related, be sure to give us a call or send us an email. We are never too busy to respond!