So should you buy or wait?Â Should you put your monies in the stock market, savings account or a starter home or trade up to a larger home?
First and foremost - You are buying a home and not an investment.Â This is your home - where you build memories with your family, where you entertain and have friends and family over.Â Â Many people have movedÂ away from looking at our homes as a place to build memories, provide a safe place for ourselves, provide a roof over our heads, buy into the American dream of owning a home but instead looked at it as a piece of commodity to trade.
It is your HOME!
Personally I bought a little larger home in 2007.Â I wanted a larger home as my kids were starting to go outside more and play.Â IÂ wanted to put a swingset in the backyard so I needed a larger backyard,Â I hoped for aÂ 2-car garage, central AC, and 2 bathrooms.Â I looked at my purchase as buying my 30-year home - not as a piece of stock to trade and make money.Â Because IÂ have been buying and selling homes since I was Â 21 and hadÂ relocated 4 timesÂ with IBM.
I always knew from my experience when I moved to a new town whether it wasÂ Dallas, Atlanta,Â Â Bethesda, orÂ WellesleyÂ I wanted a home to come home to.
But for those who want it to be a GOOD INVESTMENT - Look at the chart below.Â Looks like you can have it all - Memories and a good investment!
So get out there and buy your MEMORY and call me to help with your dream home.Â But don't wait for the bottom and miss out on the greatest interest rates ever.
Other articles on Real Estate Investment:
Buying A Home in Wellesley, MA is An Investment
Is Now the Right Time to Upgrade a Home in Wellesley, MA?
To Rent or To Buy, That is the Question
Call me if you want help with your home purchase. We have a team, Christine Norcross & Partners, at William Raveis and we can help you find your dream home in theÂ Wellesley Real Estate marketÂ â€“ Natick, Newton, Needham, Wellesley, Wayland, Weston and more.