Real Estate Mogul: Here’s Why You Should Buy
Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house?
Conlon responded:
“I am a true believer that you save every penny and you buy your first house… and that is still the fastest path to wealth in this country.”
Conlon went on to suggest that first-time buyers put down 10-20% “if they can make it work,” and to remain in their home at least 4-5 years to see a return on their investment.
Who is Sean Conlon, and why should you listen to his advice?
Within a few years of working in the real estate industry, Conlon had established himself as one of the leading agents in the United States and has founded 3 billion-dollar brokerages dealing in residential, commercial and investment sales. Since immigrating to America from the United Kingdom in 1990, he believes very strongly in the American Dream and the role that homeownership plays in achieving it. Conlon is quoted on his website as saying:
“I treat people the way I would like to be treated if I went in to buy a house and I work harder than anybody I know. I think if you do that in America, you will always succeed.”
Bottom Line
Homeownership is an investment you can leverage against in the future that not only provides shelter and safety but also helps you build your family’s wealth. If you are debating whether or not to purchase a home this year, let’s get together to discuss the opportunities available in today’s market!
Keeping Current Matters
Don’t Expect a Flood of Foreclosures
Before there can be a significant rise in foreclosures, the number of people who can’t pay their mortgage would need to rise. Since buyers are making their payments today, a wave of foreclosures isn’t likely.
Where Are People Moving Today and Why?
If you’re thinking of moving, you may be considering the inventory and affordability challenges in the housing market and how to offset these.
There’s Only Half the Inventory of a Normal Housing Market Today
If you want to list your house, know that there’s only about half the inventory there’d usually be in a more normal year.
Four Ways You Can Use Your Home Equity
Understanding how home equity works, and how to leverage it, is important for any homeowner.
Sellers: Don’t Let These Two Things Hold You Back
If fear you won’t be able to find your next home is the primary thing holding you back, remember to consider all your options.
Pricing Your House Right Still Matters Today
Pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it.
Homebuyers Are Still More Active Than Usual
Buyer demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.
Don’t Fall for the Next Shocking Headlines About Home Prices
In the coming months, you’re going to see even more headlines that either get what’s happening with home prices wrong or are misleading.
Foreclosure Numbers Today Aren’t Like 2008
Today, foreclosures are far below the record-high number that was reported when the housing market crashed.
Explaining Today’s Mortgage Rates
Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve are all influencing mortgage rates today.