Wednesday, April 5, 2017

Keep Renting in Boston?



Rent or Buy in Boston
Are you currently renting and wondering if now is a good time to buy a home in Boston? The Boston real estate market is in great shape and is expected to continue to rise upward the rest of the year. The same can be said of the rental market. Rentals are booming – for the landlord. What is keeping you from buying a home in Boston? Are you worried about taking on the obligation of a mortgage? Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.

As a home owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity. Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country averaged at 4.14% last week.

When you are ready to buy a home in Boston, contact an experienced Boston real estate agent. I am committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. I hope to speak with you soon!

Lucas Garofalo
Keller Williams Realty
(617) 861-3631
Lucas@LucasBostonHomes.com

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