It’s time to stop renting and start buying!
Category: Buy a House.
Tags: first time home buyer in Atlanta GA, I want to buy a house in Atlanta GA, I want to live in Atlanta GA, Is it the bottom of the market yet in Atlanta GA, Is now a good time to buy a house in Atlanta GA, Is now a good time to buy my first house in Atlanta GA, own vs rent in Atlanta GA, real estate market conditions in Atlanta GA
The housing market in many cities is a buyers market. This means that condition favor the buyer more than they do the seller of the home. Also, mortgage interest rates are currently pretty low. That means you will end up saving thousands of dollars on your mortgage in the long run. There is no better time to buy a home and stop renting.
Right now you can get locked into a 30-year fixed-rate mortgage with a low interest rate that could result in a payment that is much lower than your current rent. You can actually own a home for lower than what you are paying for rent. That is truly something to get excited about. Let’s look at a quick example. Currently, 30-year fixed mortgage rates are about 4.99-5 percent. If you are buying a $150,000 home and put down 15 percent on the purchase, your mortgage will only be $880.96 a month. For a $100,000 home with 10 percent down your payments will be around $587.31 a month. This is for a full home, not a two-bedroom apartment. As you can see you save money buying a home.
Due to the economy and the housing bubble bursting, people are looking to sell their homes in record numbers. This means some owners have been trying unsuccessfully for a year or more to sell their house. They are desperate to sell and are lowering their prices. While this is bad for them, it is quite an opportunity for you. The combination of the lower for sale price and the low interests mortgages make it the perfect time to buy. So stop wishing and go get looking for the home of your dreams!









Avg. Sales Price: 379,000
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