Are You Ready to Take the Leap into Home Ownership?

By
Real Estate Agent with www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209
https://staging.activerain.com/droplet/5cmv

Are You Ready to Take the Leap into Home Ownership?

 

Are you tired of paying someone else’s mortgage while renting from them? Are you ready to take the leap from renting to owning a home of your own?  While we all move at their own pace, here are some indicators to help you determine if it is time to own your own home. 

 

Here are four great reasons that would indicate you ARE ready:

You are planning to reside in Charlotte for 2 or more years

Moving or Staying?If you plan on moving soon for a job or think that you won't be in Charlotte much longer, it may be better to rent. However, if you are thinking about living in Charlotte or for years to come, it is time to put down roots…and now! The stability that comes with homeownership is far superior to moving from rental to rental or even just staying in the same place for years. INVEST your money in real estate - you’ll be glad you did!

 

You have a steady job


If you have a steady job and know that your salary is stable, why not make the move to homeownership? As long as there aren't any other major debts eating away at your income, you can likely handle a mortgage and other costs associated with homeownership. The equity that you build in your home can help you build future wealth. Your home may also make a great rental property in the future, which can help you diversify your portfolio and keep you solvent for years to come.

Charlotte First-Time Homebuyers

*Infographic courtesy of KCM; Source - AR & US Census


You have maintained your good credit score


Even if you haven’t, there’s no time like the present to start re-building your credit. Never give up on improving your credit score - it follows you through life. Speak with a credit advisor or our recommended lenders for more information on establishing credit and/or improving your score.

 

Mortgage Credit Score Requirements*Infographic courtesy of KCM; Source Ellie Mae, Rent.com, Freddie Mac

 

Your rental rate has increased

 

88% of property managers across the US have raised their rental rates. Why? Because they can! Seriously, with rental demand at the highest level in recent years and the rental inventory at an all-time low level, the market force of supply & demand takes effect - rental rates are increased. Most buyers realize that they can purchase a home for less than the rent payment they are making each month.

 

Rent vs. Buy in Charlotte NC

*Infographic courtesy of KCM; Source, Pulsenomics

 

Are you ready to be a homeowner in the near future? Only you can say for sure if it is time to that that leap. However, if you are looking for a long-term housing solution, you are likely ready to make that move. For more information on homeownership, let’s talk! Call or text (704) 491-3310.

 

Read More: Rent vs. Buy - Waiting Until Next Year Can Cost You Even More

 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Are You Ready to Take the Leap into Home Ownership?

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
North Carolina Mecklenburg County Charlotte
Groups:
North Carolina Real Estate
Posts to Localism
Charlotte North Carolina Area
Buyer Information - What Buyers Need to Know in Today's Market
Hyper-Local
Tags:
rent vs buy in charlotte nc
homeownership in charlotte nc

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,627,665
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Those are great infographics and have a very convincing story to consider buying vs renting. I sat next to Jason, your Association President this week and he spoke very fondly of you. 

May 19, 2018 05:35 PM #1
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, that is so kind of you to pass along, Debbie Reynolds!

Jason is such a nice young man - for sure! He moved to Charlotte, got his license and got very involved with our Association. He was rookie of the year a few years ago and I couldn't have been more prouod of him...and now, he's our president! How cool is that?

May 19, 2018 07:18 PM #2
Rainmaker
1,692,624
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debe Maxwell, CRS - You illustrated your point very well!

That is a nice story that Debbie Reynolds shared with  you about Jason! Isn't it wonderful how AR connections grows in mysterious ways!

May 19, 2018 07:33 PM #3
Rainmaker
2,551,321
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Great information for buyers in your area. and such a great report for all of us in the rain.

 

May 19, 2018 08:44 PM #4
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Patricia Feager! That was so nice of her to share and yes, the connections are so much more far-reaching than we know!

That's why being nice to my local peers is a big deal to me - this has happened to me on more than one occasion too!

Hope you're having a fantastic weekend...

May 19, 2018 09:29 PM #5
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you, Will Hamm! I actually had a tenant phone me this week - it prompted me to write this and thankfully, KCM had some great graphics to share too!

Happy Saturday...almost Sunday!

May 19, 2018 09:30 PM #6
Rainmaker
2,732,995
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Why wait for both interest rates and home prices to escalate...moooove along !

May 20, 2018 03:42 AM #7
Rainmaker
4,197,490
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Debe.  Great information to help buyers understand when they should be ready to become homeowners.

May 20, 2018 05:00 AM #8
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

It just doesn't make sense, does it, Sally K. & David L. Hanson? I love how the graphics conveyed exactly what I described to my buyer this week too!

Happy Sunday!

May 20, 2018 08:54 AM #9
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you, Gabe Sanders! I think more are ready than they even realize! Some get comfortable in their current rentals and don't realize the money they are throwing at someone elses mortgage! 

May 20, 2018 08:55 AM #10
Rainmaker
4,552,751
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is excellent advice to share with those who are still renting.

May 20, 2018 09:19 AM #11
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you so much, Roy Kelley! Hopefully some tenants will read and heed!

May 20, 2018 09:34 AM #12
Rainmaker
1,497,420
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Debe - It really does tell a compelling story for home ownership.  More people are buying.

May 20, 2018 11:08 AM #13
Ambassador
2,479,638
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I agree - the groundwork is laid for them - they just have to take the plunge, Grant! Homeownership IS the American Dream - live it!

Grant Schneider 

May 20, 2018 11:13 AM #14
Rainmaker
1,188,604
Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

Good stuff Debe Maxwell, CRS . It's nice when a market allows an owner to sell at a profit after living in a home for just a year or two. In those conditions you have to wonder why anyone would not buy.

May 20, 2018 04:46 PM #15
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
2,479,638

Debe Maxwell, CRS

Charlotte Homes for Sale - Charlotte Neighborhoods
Have questions about Charlotte? How may we help?
*
*
*
*
Spam prevention

Additional Information