Why 2019 is the Time to Get Out of the Rent Race

1/19/201911:04 AM(View: 11925)
Why 2019 is the Time to Get Out of the Rent Race
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Why 2019 is the Time to Get Out of the Rent Race!!!

If you're on the fence about buying a home, now's the time to hop off. 

With national rents at all-time highs, American renters are now paying more than ever to live on someone else's property. On top of this, renting also means:
  • Less design freedom and flexibility
  • Little privacy, peace and quiet
  • Parking, space and storage issues
  • Building equity for someone else (not yourself!)
  • No long-term ROI or credit benefit, despite making on-time payments
With rents only continuing to rise (meaning saving money for a down payment is getting harder), there's never been a better time to get out of the rent race.
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Buying a home can often be a time-consuming undertaking - but it doesn't have to be. Want to speed up your purchase? Here's how: Act fast when there's a home you like. If you like a property, put in an offer that day. Get preapproved for your mortgage. This will speed up your loan approval. Have all your financial documentation organized for your preapproval.This should include recent bank account statements, pay stubs, W-2s, tax returns, etc. Respond quickly. When your agent needs your input or your loan officer requests something, respond immediately. Remember that any delays on your end will only delay your closing, so act with urgency and stay in touch.

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