You buy a home for many reasons. It could be for security, or just having a place of your own to raise your family. Many don’t consider themselves investors as they buy a home, but that is exactly what you are. Buying a home is an investment, and purchasing a home has the ability to greatly impact your overall wealth over time. There are three common scenarios when investing in a home:
- First Time Investor: If you are buying your first home, then you are a first time investor. It’s an exciting step!
- Bounce Back Investor: Foreclosures in the United States are down 23% from where they were a year ago. Home sales have also increased 8% from a year ago. This means that more and more buyers are bouncing back from the economic downturn, and once again investing in a home.
- The Movin’ On Investor: If you already own a home and are looking to purchase another home for any reason, such as needing a bigger or smaller house or if you are relocating, you might consider keeping your current property as an investment and renting it.
Do you fit in one of these scenarios? If so, join us on Saturday, June 21st from 10:00-11:00 am for our Investors’ Open House at the Desert Dimensions Properties office in Scottsdale. Find out everything you need to know in a fun, relaxed environment, from the very best industry professionals. RSVP today.