Renters, do you want to know how owning a home can improve your net worth? Today more than ever, owning a home is not only a big achievement but also a major financial milestone to your net worth. This is because as a homeowner you are able to build equity in your home which in turn gives your networth a boost.
Hi, I’m Terry Tucker with eXp Realty. I love helping people sell and buy homes right here in the San Ramon Valley and all over the San Francisco Bay Area!
Now might be a good time to invest in real estate homeownership. A recent report from the National Association of Realtors talks about the net worth of a homeowner compared to that of a renter and finds that the average homeowner’s net worth is roughly 40 times greater than that of a renter. That’s right, 40 times greater. So,why is this? This is because as a homeowner, your equity grows as your home appreciates in value and you continue to make monthly mortgage payments to your loan. If you a re a renter, you do not have this opportunity. You do not build equity on something you do not own. In fact, despite the recent housing market roller coaster, homeownership is still considered one of the most reliable ways to build wealth. When you rent, you are not investing in your financial future the same way you are when you are paying off a mortgage. ”
In most markets, home equity will continue to build wealth over time and your home will become an asset that has the potential to appreciate in value as you continue to pay down the balance of your mortgage. With the recent lowering rates and increase in inventory, you may be in a better position to buy.
So, if you are looking to finally stop renting and want to purchase, please reach out to my team and I, so we can help you strategize the best way possible to achieve your dream…… and help build your financial net worth along with it. Homeownership may be closer than you think!
If you have any questions or would like more information on the inventory in your area, along with pricing and strategy, please reach out to me. Working with a knowledgeable agent can help you navigate the market conditions effectively and will benefit you down the road with your largest long term investment. I’m a seasoned East Bay expert with a 5-star rating. I will help you navigate the market and make it happen, whether that’s selling or buying or both!
And if you or someone you know needs to sell a home, ask me about my home-selling plans. I took the pain out of negotiating with a Realtor and made it super simple. Really! Choose silver, gold or platinum – pick your plan and pick your price. Terms do apply. I’m Terry Tucker and I’m a home selling expert. Let’s get you going . . . call me today!
Putting People Before Profits!
