Will home prices fall yet again – or will they remain steady? Or are they about to increase? Here in the Los Angeles Real Estate <prices are stable right now/ prices have already begun to inch upward>.
Will interest rates stay low or suddenly leap upward?
No one knows. But that really isn’t the right question to ask. The right questions are:
- Do I plan to stay in this community for at least the next 3 or 4 years?
- Can I find a home I’ll enjoy living in for the next several years?
- Will my credit scores allow me to take advantage of today’s low interest rates?
- Can I qualify for a home loan without taking a risky Adjustable Rate Mortgage?
- Will the payments on that home fit comfortably into my budget, so that I can continue to enjoy my favorite activities?
Los Angeles Real Estate Agents Are Everywhere
If your answers to those questions are “Yes,” then now is a good time for you to buy a home here from the Los Angeles Real Estate.
If you take a 30-year fixed rate mortgage, the principal and interest portion of that payment will never increase, and will fit even more comfortably into your budget as your income rises over time.
Add to that the fact that you have to live somewhere. Unless you’re living with family or friends, you’ll either pay a house payment or a rent payment.
So – you’re paying for a house and its care and maintenance one way or the other.
And if you’re renting, you have no assurance of a long-term home, no freedom to do as you wish in your home, and no assurance that your rent will remain constant.
In fact, recent reports indicate that rents are rising in response to the law of supply and demand. When thousands of homeowners lost their homes to foreclosure or sold short to get out from under crippling payments, they became renters – driving up the demand.
Is now the time for you choose your new home in the list that the Los Angeles Real Estate gives you.
If so, get in touch. I’ll be pleased to help you find the Los Angeles home that fits both your lifestyle and your budget.
If you are seriously considering buying a new home in Los Angeles this year, you understandably want to get the best deal for your money. Then click this link for all the Best Tips.