Why Buying a Home Sooner May Be Better Than Waiting
By KAREN SANCHEZ, ...Marketing your home like no one else will.
( Reputable Realty)
Why Buying a Home Sooner May Be Better Than WaitingShould you buy a home now—or wait?That’s a question I hear all the time. And while none of us has a crystal ball telling us exactly what home prices or interest rates will do next, there are some compelling reasons to consider buying sooner rather than later.1. Start Building Equity SoonerWhen you rent, your monthly payment helps build your landlord’s equity. When you own, a portion of your mortgage payment goes toward paying down your loan and building your equity.The sooner you buy, the sooner you can start building it.2. Time Is Your FriendHomeownership is a long-term game. Over time, you have the opportunity to build equity through mortgage paydown and potential appreciation.You can't go back and recover five years of equity you cou...
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