What kind of feelings might you have if you stopped renting and purchased a home now? I know you may be hearing that now is a bad time to buy. You may also be hearing that you should wait for interest rates to drop. May people feel like they just can’t buy a house because prices are too high, interest rates are high and the economy is not what it should be. Well, there may not be a better time to buy a home. All of the concerns that are listed above may apply to next year, and the year after that. It can always feel like buying a home is just too hard and out of reach.

It is not possible for everyone to buy a home. But in 2023, the last data available from Realtor.com shows that 32% of all buyers were first-time home buyers in 2023. In 2022 which was another tough year for home buying, 26% of all buyers were first time home buyers. It might be possible for you to buy a home. Here are some surprising feelings you may have ten years from now if you take the leap and buy a home now.

Glad

The first feeling that you may have is that you are GLAD, you got into the market when you did. The house you purchased is likely going to be worth a lot more money in ten years than it is today.

Wishful

Another feeling you may have is WISHFUL! It is hard to afford one house at any given hime, based on your salary and savings. But in the future, when you look back at the price that you paid for your home, you may be wishing you had purchased more than one home, when you did.

Relieved

RELIEVED is another feeling that you could feel in ten years. You will be feeling relieved because you will see how much more people are paying in rent, than you are paying in your mortgage. You have a pretty consistent monthly mortgage payment. It only adjusts annually if taxes or insurance go up. You are not having to worry about those rental increases.

Successful

Buying a home isn’t always easy, but you have done it. There may be struggles, particularly in the early years when the budget is tight. But you have gotten through it. You are building equity and you can take pride and feel SUCCESSFUL because you did it.

Nostalgia

Even if your first home is not your dream home, it more than likely will not be the house you live in for twenty years. You can pay down your mortgage and upgrade to a nicer home. Even if that first home was not the nicest home, you can look back at it with NOSTALGIA as you remember the memories that were made there.

Stop wondering if you can buy a home. Call Lestel and find out if you can! (970)310-8379