Warning! Renting Could Be Hazardous to Your Wealth!

Many families, couples and individuals spend their hard earned money each month on a rental payment not realizing that they could possibly own a home.  Did you know there are over 500 grant programs available to help 1st time home owners, veterans, and others get into a home?

If you aren’t sure you should consider purchasing a home check out this chart on how much money you could be spending each month to fund your landlord’s future and dreams.

Rent 1 year 5 years 10 years
 $ 600  $7,200  $36,000  $72,000
 $ 800  $9,600  $48,000  $96,000
 $1,200  $14,400  $72,000  $144,000
 $1,500  $18,000  $90,000  $180,000
 $2,000  $24,000  $120,000  $240,000

If you’ve been renting for 1 year then it’s time to reconsider Owning a home.  If you’ve been renting longer now is the best time to consider owning a home.  If you think you can’t own, think again.   Whether you think you can or you think you can’t is up to you. Even if we have to plan for 3 months, 6 months a year or longer.  I can help you get on the road to home ownership.  Contact me today.  email, Facebook, twitter, and even text.

Can I Afford it?

Last night I sat thumbed through an actual magazine, “Real Simple Magazine”.  I stumbled upon an article titled, “How Much can I really afford”.  This one I  had to read.  As a real estate professional I run into people every day that want to own a home and think they can’t.  The truth is most can probably afford the down payment on a home but don’t realize that they are spending that down payment every time they hit the shopping center.  Usually on the way home from work or on the weekend.  It could be as simple as making your own coffee every day.  

Check out the article to learn what I learned in just a few minutes.  Start saving for your home today.

How Much Can I Really Afford? http://www.realsimple.com/work-life/money/spending/how-much-can-i-afford-00100000100642/index.html via @RealSimple

Someone Say House Party!

Earlier today I shared statistics on DuPage County and how inventory is low.   In DuPage County ReSale of homes are up 4.5% in February 2013 from February 2012 and New Construction is up 21.5% in February from 2012.   This is great news for our local market.  Check out What BofA is saying about the entire U.S.

According to Bank of America Corp., U. S. Home prices will probably rise 8% this year.

click to read the entire article.

Housing Information :: Bank of America raises forecast for gain in home prices.

http://www.bloomberg.com/quote/BAC:US

 

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