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Why should you buy in today's real estate market?
They call it a "Buyers" market for a reason
- Great Selection - There are many homes to choose from
- Discount Prices - Sellers are more likely to discount their prices due to the high supply of homes (this is market specific - ask your associate about your local market)
- Excellent Interest Rates - Rates are still at an historic low
- Tax Deductible vs. Rent - Approx. 1/3 of your monthly Principal & Interest is saved due to tax deductibility. Let the government help grow your equity
- Renting is Spending - Your money pays the landlord's mortgage
- Owning is Investing - your equity increases as you pay down the loan
- Low Volatility Investment - Real Estate has only had two periods of decline in the last 40 years in Massachusetts (1990-1993, 2006-2010)
- Reaching (or At) the Bottom - After 4 years of declining unit sales and 1 year of much stricter lending standards, we are likely at or near a low point for prices
- You can't time the bottom of the Market- There are many positive economic factors in the news today
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