My New Blog

Lets face it if your reading this your a renter who is tired of throwing away money! Lets just do a quick calculation: lets say you spend $700.00 a month in rent. Thtats $8,400.00 a year or $25,200 over 3 years. Pretty outstanding really. Now that I have you and your checkbooks attention, lets say you buy a house today, it takes on the average 5 years to build up a good amount of equity and possible appreciation. Our Oklahoma housing market is one of the strongest in the nation. The average family moves every 5-7 years, and a good amount of people use the equity to buy a bigger house each time they move, building up quite the investment over a lifetime. Some home buyers use the homes they buy and live in as rentals, and end up with good investment properties at the end bringing in $500 or more per month.

Did you know that with a mortgage payment of $700.00 a month you could own a $80-90,000, dollar house. Houses come in all different shapes, sizes, locations, and additions that will determine the price a home will sell for.

Of course when you buy your house is when you make the most money. If you buy a house below market value you stand to come out ahead when it is time to sell, but that will depend on how much work you have to do in order to bring it up to date or code.

I would like to know what is keeping you from buying a house?