Questions on a Buyer's Mind
For those who are considering buying a home, they usually get advice and opinions from family members, neighbors, co-workers and even people they don't know. It can be confusing and scary. Hiring a trustworthy, experienced Realtor can make the process so much better....much smoother with less headaches and worries.
1. I hear quite often "are the prices going to continue to drop?"
While prices are front and center on most peoples minds. While no one can predict the future, there are some things to take into account. What kind of interest rate is available and what is your payment? Most people looking to purchase a home are spending money on rent each month. While waiting for the market to bottom out, the rates could increase. Projections from Freddie Mack, Fannie Mae and the Mortgage Bankers Association claim interest rates will increase over the next few quarters. Higher interest rates ultimately mean highter over the life of the loan.
2. I hear quite often "Will I get any appreciation if I buy now?"
There are many variables to be considered when we look at appreciation. In the Las Vegas market we have quite a few investors "flipping" properties and doing quite well. The investors would claim "appreciation is here and now". For most home buyers they have to look at their particular market, some markets are doing better than other markets. Some markets haven't suffered as much as other areas. It is a great time to buy and we have seen some increase in value in certain price ranges right here in Las Vegas.
3. Is buying better than renting?
Some of the most common reasons for buying a home is to have a place for family, a place to raise and educate your children. A home is a place to feel safe, participate in feeling "pride of ownership", and having rights over your own domain. On another note, you can obtain a mortgage that keeps your payment consistent for the years ahead....that just isn't possible while being a renter.
For other questions concerning real estate, just Call Kim...go to www.CallKim.net and begin searching for your new home.
Kim Duclos Las Vegas Realtor
(702) 521-3939 cell
(888) 949-2890 toll free
