That is the question??
Is the market going to dip
When is the right time to buy?
My answer is: Always!
Here is why it is a Great Time To Buy
- Investment - 6.9% appreciation rate since 1981 (25 years per Freddie Mac)
- Rates near historical lows
- Inventory is finally here!
Unlike other investments REAL ESTATE is a leveraged investment.
In the stock market for example, you need to invest a dollar in order to profit, in REAL ESTATE a small down payment earns you profit on the total value, as illustrated in the following examples..
Investment -
5 year appreciation breakdown of a $400,000 home
$488,000 @ 4%
$564,240 @ 6.9%
$658,124 @ 10%
On a $400,000 investment, conservative returns product 23% ROI
Buying now at conservative growth rates is still the wisest investment!
When you invest in the stock market you need to put in a dollar in order to capture return. In real estate you put as little as $0 down and capture a return on the entire value.
Investment
23% return on investment at only 4%
$475 per month and $170k over life of loan
$7,000 in tax deductions year 1; $33,600 in deductions over 5 years (at a 30% tax bracket)
Also you get to deduct the interest on the mortgage while you own the property.
Investment $995,000
Assume: 10% down - $5,587 principal and interest payment
In 5 years
$83,032 in tax deduction (at the 30% tax bracket)
$58,430 in mortgage equity
$141,462 in direct return over 60 months
$2,357.70 per month or a net $3,229.30
In 5 years
$219,800 appreciation at 4%
$104,553 appreciation at 2%
15% ROI
$361, 262 investment opportunity
Not buying today could be very costly!Call Ruth Sullivan today & receive a certificate worth $500.00 credit at closing.
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