WHY YOU SHOULD STOP RENTING AND BUY A HOME NOW LEX LEVINRAD
When you look at historical pricing data for single
If you are currently renting
and have good credit,
then in many cases, depending
on where you live, this could be
the best opportunity in your
lifetime to buy a house
at an affordable price
family homes in the U.S., the case for owning a
home versus renting a home becomes much more
compelling. We found that this same $130,000
house could be worth as much as $902,200 in
2043, when the 30 year mortgage is paid off
(assuming the house was purchased in 2013).
These results are based on extrapolating National
Association Of Realtors® existing home sales data
going back to 1970, the first year they started
tracking this data. According to the existing home
Our company specializes in understanding the
entry level, low priced single family starter homes,
which are the most attractive to first time home
buyers. These are also the types of homes our
investors who are cash buyers are most interested in.
sales data from HUD’s web site, the average price
of a single family home in the U.S. in 1970 was
$25,700. 30 years later by the year 2000, the
average price of a single family home was
$178,500 (almost 7 times more than the original
price). To see this data click on this link:
These homes are perfect for landlords who want to
http://lexlevinrad.com/existinghomeprices.html
buy, fix and rent. They are also ideal for investors
who want to buy, fix and flip to first time home
buyers. We know this market well because we
teach our students how to buy bank owned homes
directly from the bank and we show them how to
fix and sell these houses to first time home buyers
for a profit. Based on our experience, many people
who are currently renting, simply do not realize that
it is possible for them to own their own home. If
you are currently renting and your credit is not
great, there are still circumstances where you
might be able to buy a home. We have offered
seller financing to buyers who had less than
perfect credit and we have shown our students
how they can offer seller financing to first time
home buyers with poor credit. In many cases the
buyer’s monthly payment can still be substantially
less than the rent for the same home.
Now we don’t know if housing prices will grow at
the same pace over the next 30 years, but we do
know that based on the combination of strong
population growth and an increase in inflation, real
estate prices will certainly increase substantially
over the long term.