Cost of Waiting
Now that we have covered some of the hidden costs of buying vs renting and the pros and cons for both sides. Let's look at of the actual cost of waiting.
Quick question. Do you ever wonder how the rich keep on getting richer? They invest in real estate and are building true wealth. They are not waiting for their income checks each week or a commission check. They are investing into real estate and having their money work for them.
Buying a home for $300,000 right NOW verse waiting a year in monthly payments
Buying a home for $500,000 right NOW verse waiting a year in monthly payments
The interest rate that was used in this Infographic has changed
Are you ready to buy or do you want to wait? It is up to you on what you want to do. If you are not ready then you are simply not ready to buy. However, if you do have the cash just sitting in your bank account, it may be a good time to start thinking about it. Waiting a year might be the best for you. If you are a first time home buyer or someone just wanting to know more about real estate. Please reach out and would gladly help answer any of your real estate questions.