FInd Out Your Next Best Steps for Buying a Home in Hampton Roads

Hello Hampton Roads,
If you are thinking of buying a home in the Hampton Roads area now or sometime this year, over all it's still a good time to buy inspite of home prices rising. If you read my blog article from last month, you'll see that home sale prices in Hampton Roads increased 14% since last year but rental prices went up 20%--even higher than the national average! 

If you rent, it's your landlord who captures any appreciation and benefits from the equity not you. However, if you own a home, you get the benefit of any equtiy gain and home ownership can substantially add to your networth. You may have heard of this study before, but it bears repeating:
A home owner's meidan networth vs a renter's median networth is 40X higher--$255,000 vs. $6,300.00 You can read the latest Federal Reserve Study of Consumer Finances (Sept 2020) and also check out this CNBC article stating these differences.  It's better to own an appreciating asset than to pay for someone else's.

Additionally you can still take adavantage of low interest rates! As of yesterday, the popular FHA rate from Virginia Housing was 4.00%. If you can own for about what you pay in rent, would it make sense for you to own? If you have questions or want to find out more, I'm hosting a Free Home Buyer's Webinar coming up on Thursday March 10, 2022 at 7:30pm.

On the webinar, we'll talk about the home buying process and what you need, including learning about the available no downpayment loans and  grants and the most common mistakes I see home buyers make that could save you thousands.  It's 100% Free information packed webinar where myself and my lender partner will be on hand to go over the process and answer any questions you have. 

Don't leave buying what is most likely your biggest financial asset to chance--find out your next best steps so you can move forward with confidence.  Register at:
See you online!

Thanks for Reading,


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