Now Is The Time To Buy

Dated: November 13 2018

Views: 374

"I need to wait, save money for a larger Down Payment".  Hear this all the time, BUT is it smart to wait?  Years ago maybe. Today all it does is cost you thousands of dollars!  Here's a true story:

Last year, I found my Client her "Dream" home, it's in her price range, has EVERYTHING she wants & more!  Even though it's everything she wanted, Dad told her to wait one year to save up $18,000 for a larger down payment.  Good advice?  Live at home, free rent, save $18,000 and get a lower monthly home payment!  Well it didn't work out that way.  Her $250,000 home is now $285,000,  her 4.25% loan is now 5.25%! Last year's BASE Payment (No HOA, PMI, Taxes) was $1,187.00 with $8,750 down. This year with $26,750 DOWN it's $1,426.00!  ($18,000 more to get a $239 HIGHER payment AND be a year further out from paying off her loan).   

What would you say if a cashier asked:  "Would you like to pay an extra $18,000 today so you can have a HIGHER monthly payment of $239? It's only $86,000 more over the life of the loan!       

This is why I tell my clients I believe it's wiser to buy now vs waiting, even if it's not the house you want, GET IN THE MARKET!  Protect yourself from these increases OR YOU MAY BE OUT OF THE MARKET FOREVER!

If you are interested in finding or selling a home, feel free to call me, I'd love to help you find your dream home. 623-745-6612. 

Next we will talk about the importance of doing a thorough "Needs, Wants & Goals" Analysis and why it needs to be in writing...      

Jim Yungner


Latest Blog Posts

You Gotta Be Quicker Than That

Homes are moving super fast.  This house was no exception... If you are looking for a home in this area, we will have an agent get a hold of you shortly, and send you everything that is still

Read More

Fixing Your Credit Is As Easy As 1 2 3

We all could use a little help on credit, me included.  In my time, helping home buyers reach their goal of home ownership, I have learned a few tricks of the trade to help get that score up 20

Read More

1015 E Myrtle

What a transformationThis 3 bed 2 bath home has a HUGE living space, open floor concept, custom counter tops, and a sparkling pebble tech poolHere's the link for the slide show.   And if

Read More

Rent To Own A Home Has Never Been Easier Or Cheaper

If you are reading this Post, this blog, whatever it is, you probably have a little interest in getting into a home that you will eventually buy.  I don't blame you, people throw away 10's of

Read More