You will not lose in buying a home…in Surprise
June 27th, 2008 Categories: Uncategorized
So this is for anyone that is thinking of buying a home in 08′.
Most of you are worried that it could be a bad investment. Buying a home is almost never a bad investment…unless you were a speculator in October of 05′ trying to make money. As an owner occupant in Surprise, long term you will gain.
I finally figured out how to work those complicated calculators that tell the future of things, here is what I found out:
If you buy a home this year for $135,000 and the average annual appreciation rate is 5%, in 5 years your home will be worth
$172,298
That is a gain of $37,298 over 5 years.. not bad considering renters gain a whopping zero!!! This is also not including any tax benefits, bankowned purchase rebate, or just pride of ownership.
It is OK to buy, just dont purchase more than you can handle.
have a great 4th of July
No Comments yet »
RSS feed for comments on this post. TrackBack URI
