“Is now a good time to purchase a home?”

    “Is now a good time to purchase a home?”

 

 

 

Hi Joe,

Sorry to bother you over the weekend, but wanted to spend a few minutes sharing our thoughts about buying a home this year vs next year. We actually went through the same conversation last year and it seems like homes are costing more this year, will they be less next year or even the following year?

We keep reading about the possibility that home values will be coming down in 2019 and 2020. What do you think?

 

 

I wish I was clairvoyant, but I have no clue. They are currently paying $2800 per month for rent. In the price range we discussed they would be paying closer to $2400 which is already a win. They will be able to deduct the interest, plus a couple of other deductions and save nearly $5,000 a year compared to the rent they would be paying.

 

Also, it’s important to note that they have no plans on moving as their families live in the area and family means everything to them. They are not buying this home to sell anytime soon. My advice is...buy your home now!

 

 

Subscribe to my blog via Email:

 

Enter your email address:

Delivered by FeedBurner

 

Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 4 commentsJoe Petrowsky • April 02 2019 01:00PM
“Is now a good time to purchase a home? ”
share
“Is now a good time to purchase a home? ” Hi Joe, Sorry to bother you over the weekend, but wanted to spend a few minutes sharing our thoughts about buying a home this year vs next year. We actually went through the same conversation last… more
“Doing Renovation Loans Correctly! ”
share
“Doing Renovation Loans Correctly! ” Hey Joe, I want to refer a client that wants to purchase a single family home. Even though our bank does FHA 203K loans, we do a piss poor job and clients end up mad at us. So, I would rather refer the… more
“Federal Reserve Signals it Won't Raise Interest Rates This Year”
share
“ Federal Reserve Signals it Won't Raise Interest Rates This Year” Really good news for anyone considering purchasing a home in 2019 and even beyond. Also, a great time to do a refinance to consolidate debts. I just did a new mortgage for… more
“Almost Embarrassing! Worked with this family over 40 Years! ”
share
“Almost Embarrassing! Worked with this family over 40 Years! ” Hi Joe, We are staying put in Florida this time, but need to replace the roof (its going on 20yrs old and locking us into a bad homeowners policy) in order to reduce ins… more
“What’s the Difference between a Mechanic and a Heart Surgeon? ”
share
“What’s the Difference between a Mechanic and a Heart Surgeon? ” A mechanic was removing a cylinder head from the engine of a Harley Davidson motorcycle when he spotted a well-known heart surgeon wandering around the shop. The mechanic… more
“Was it Easy? No! ”
share
“Was it Easy? No! ” Hey Joe, Can’t believe I just had the first year anniversary of the closing and most importantly our own home and all kids have settled in. We’re all happy! I know that accomplishing a mortgage for me was a challenge, but now… more
“Credit Scores Continue Lower for FHA Borrowers”
share
“Credit Scores Continue Lower for FHA Borrowers” A decrease in average borrower credit scores to 670 for FY 2018, the lowest average since 2008. This decline has continued in FY 2019 as: – More than 28 percent of new forward mortgage… more
“Should I get a Home Equity Line of Credit or Refinance”
share
“Should I get a Home Equity Line of Credit or Refinance” Joe, Your name was given to me by my insurance agent and I could use some advice. She told me you were the right person to ask. I have a little over $30, 000 in credit card debt I… more
“Choosing the Right Realtor for You”
share
“Choosing the Right Realtor for You” Hi Joe, I spoke to two Realtors over the weekend and have decided to go with the one you referred. She really knows her stuff, I can understand why you referred her. By the way the other agent was someone… more
“Buying Multifamily Properties”
share
“Buying Multifamily Properties” Hi Joe! Hope all is well! I have a question about possibly making a large real estate purchase. I am incredibly frustrated with my job, which I’m attributing to a blessing in disguise, because it’s pushing me… more