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?
“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.”
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!
Real estate professionals have spent the majority of 2020 figuring out how to sell homes safely, and it’s paying off for those who are choosing to move this year.
Many homeowners have enough equity in their homes today to be able to sell their houses instead of foreclosing.
The American Dream of homeownership has continued to thrive in the midst of this year’s economic downturn.
With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership.
Recent trends suggest that the housing market will continue its strong momentum in the months to come.
he demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes.
According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year which can make moving up a real possibility.
Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. Buyer demand is high, inventory is low driving home prices higher.
Homeowners now have a large amount of equity in their homes and may decide to sell rather than wait for the bank to foreclose.
Home sales continue to amaze industry experts, and there are plenty of buyers in the pipeline ready to enter the market.