It is amazing to see how much the words fear, doubt, uncertainty and even recession have crept into the headlines and stories across all of the news and social media outlets over the last few …
It is amazing to see how much the words fear, doubt, uncertainty and even recession have crept into the headlines and stories across all of the news and social media outlets over the last few months.
I get it. With COVID-19, all of the shutdowns, all of the jobs lost, the ongoing shortages on the shelves, how could those three words and concerns not be at least a part of your thought process?
Some people think this is a time to hold off on buying a home. I disagree with this. If you’re renting, the landlord may raise your rent. The landlord may decide to sell the house out from under you and kick you out in the process. You’re leaving yourself vulnerable and all of those fears may become an unfortunate reality.
If you’re reasonably secure in your job, this is a great time to buy. There are less competing buyers out there, which can lead to better opportunities for you to be able to negotiate a better deal. We all know the old saying “buy low, sell high.” Well, we’re approaching the “low.”
Homeownership helps replace those three ugly words with good words like safety, familiarity and stability. Your monthly payment will be stable. You will be the decision maker when it comes to eventually selling the home. All of this leads to a great feeling: peace of mind.
John L. Scott Real Estate / Yelm
Equal Housing Opportunity
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