Real Estate Fact vs. Fiction
Published | Written by Chris Faucher
It’s amazing to me, but, right here in Hillsborough County, there are over 30000 residents who are currently renting but can afford to purchase a home. They are qualified to buy a home, so why wouldn’t they?
Some people think that the housing market isn’t stable, but home prices in Hillsborough County are forecasted to appreciate by 6.4% over the next year, and 29.2% over the next 5 years. Do you know what that means in dollars and cents? If you purchased a home at the median price of $303,000, you would gain $88,000.
This is a very strong market; however, here is the biggest misconception: in a national survey, the number one reason why people are still renting even though they are qualified to purchase a home is that they think they need 20% down.
It’s hard to believe that people in 2019 still think they need 20% down. That couldn’t be further from the truth! You can purchase a home with as little as 5%, or even 3% down, based upon the programs that are available.
Contact me – I’ll show you how you can create wealth for yourself through real estate.
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