If you’re going back and forth in your mind on buying a home, here are a few things to consider when weighing the pros and cons. Thank you to National Association of Realtors (NAR) for providing us with these graphics and data.

INCREASE YOUR NET WORTH

According to NAR, there are lots of stats that lead us to believe that your net-worth and perception of net-worth are higher, as a home owner:

• 88% of current homeowners report that owning a home has been a positive experience
• 95% of homeowners believe that over a period of several years, it makes more sense to own a home than to rent
• 77% of homeowners say owning a home helps them achieve long-term financial goals

SAVE MONEY OVER TIME

Interest rates are still at a historically low point. Even though this data is only through 2012 – rates have continued to stay fairly low, which means less money you would need to pay over-time. It’s hard to predict when/if rates will increase, so be sure to play it smart and watch the market before you purchase.

MORE ENGAGED IN YOUR COMMUNITY

People who are homeowners tend to be more active and engaged in their communities. Homeowners read their newspapers, vote and are involved in community organizations.

As you decide if buying is right for you, think about your future and where you see yourself in 5-10 years. Also, call us and crunch the numbers to see if it makes sense to purchase a home in your current financial situation.

We have SIRVA Mortgage associates on standby ready to answer any questions that you might have about your next adventure – just call 800-299-8150.