There are so many great reasons to purchase an RCFE home and business. Having an RCFE home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream RCFE, making a move might give you the space or features you need to find greater success and happiness in your business. Whatever your motivations are, here are three reasons why becoming an RCFE homeowner now may help you win big in the long run.
1. Buying an RCFE Home Is a Great Investment
Several recent reports indicate that real estate is still a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps you build equity, a type of forced savings that grows your net worth. According to the latest Equity Report from ATTOM Data Solutions:
“The count of equity-rich properties in the fourth quarter of 2020 represented 30.2 percent, or about one in three, of the 59 million mortgaged homes in the United States. That was up from 28.3 percent in the third quarter of 2020, 27.5 percent in the second quarter and 26.7 percent in the fourth quarter of 2019, despite the ongoing economic damage caused by the worldwide Coronavirus pandemic.”
2. Mortgage Interest Rates Are Low
The Primary Mortgage Market Survey from Freddie Mac indicates interest rates for a 30-year mortgage have fallen since November 2018 when they hit 4.94%. In their latest forecast, Freddie Mac expects rates to remain low, leveling out to an average of 2.9% in 2021. For RCFEs, the mortgage interest rate is higher by about 2%, but significantly lower than in previous years.
When you purchase an RCFE home at a low mortgage rate, it will impact your monthly mortgage payment, giving you the opportunity to likely get more house for your money.
3. Investing in Your Future Pays Off
There are some RCFE renters who haven’t purchased an RCFE home yet because they’re uncomfortable taking on the obligation of a mortgage. What many RCFE renters don’t realize, though, is the financial power of equity.
As an RCFE homeowner, your monthly mortgage payment becomes a form of ‘forced savings’ you can reinvest later in life as you see fit. You can use it in a variety of ways, like to fund a loved one’s education, buy another RCFE, or fund your own retirement. As a renter, you’re actually growing your landlord’s equity instead of your own.
If you’re ready to put your monthly payments to work for you and take steps toward those dreams and goals, purchasing an RCFE home, as opposed to leasing it, may be the way to go, especially as rental prices continue to rise, and home prices in most areas of Southern California continue to appreciate.
Buying an RCFE home sooner rather than later could lead to substantial savings and long-term financial growth. Reach out to us anytime to schedule your NO OBLIGATION, complimentary consultation. We will develop a tailored strategy based upon your needs and long-term goals.
If you are considering buying, selling or leasing an RCFE, please call us TODAY to explore your options. We would be delighted to evaluate your business and provide price guidance. We will help you obtain the highest possible price for your RCFE.
Michelle (949) 397- 4506 & Melvyn (949) 500-3630