Why Buying a Home May Make More Sense Than Renting

Some Highlights

• If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers.
• Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation.
• If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options.

Here is why buying a home now in Greater Philadelphia is the smart thing to do despite rising interest rates.  Yes, interest rates are up, but home prices are going down.  Now is the perfect opportunity to acquire a home at a lower price.

Why is this smart?  Because when rates get lower, you can easily refinance your loan.  So why not just wait?  Because when rates go back down, home prices will rise.  So while you will be getting a better rate, the price to acquire the home will be higher.  So if you buy now when prices are low and and simply refinance when rates come down, you get the best of both worlds.

Also, ask me how I can get you a home and pretty much counteract the higher interest rates simply by putting something into your sale contract.  This could not be done often when the housing market was insane over the last year.  It can now.  Contact me for details!