I Listed & Sold This Centreville Home (June 2020)

Another Buyer Breaking Through a Financial Ceiling!

Another Example of How Buying is Better than Renting!

Buyers Stand to Gain $1,784/mo in Wealth Accumulation!

1. Wealth Accumulation: Homeownership is a proven escalator to wealth accumulation. Simply follow the money in the table above. Like David Bach from AE Wealth Management said, "If you're not prioritizing homeownership, you are making a costly mistake. Homeowners generate 40x more wealth than renters." Then there's Thomas Stanley, author of The Millionaire Next Door who interviewed over one thousand millionaires. Stanley found there are under accumulators of wealth, average accumulators of wealth, and prodigious accumulators of wealth. The common denominator among all prodigious wealth accumulators is they own real estate.
   
   
2. Exponentially Higher Savings Rate: The median annual household income in the U.S. is $62,175 and the average savings rate is just 6.4% of annual income ($3,979). In the example above, the homeowner accumulates $21,000 in wealth per year.
   
   
3. Pride of Ownership, Stability & Childhood Development: There is a strong psychological benefit to owning a home. Homeownership is tied to a stronger sense of family and community. You have control over your environment and can create a home that works best for you. Homeownership provides stability and avoids the stress of frequent moving from rental to rental. This stability is proven to benefit a child's development and performance in school.
   
   
4. Great Pathway to an Investment Property: Many buyers decide to keep their first home and transition it to rental property (investment property) when they decide to buy their next home. Did you know the average rate of return on an investment property is 250% more than the average rate of return in the stock market (S&P 500). My clients who focus on purchasing investment property know there is no better investment than real estate. Think about it - (i) you own an asset that someone else is willing to pay you rent to use, (ii) the renter promises, backed by a security deposit, to take care of your asset while being used, (iii) the rent received is used to pay down your loan, increasing your equity, (iv) the net cash flow to operate your asset is profit paid to you every month, and (v) as your asset appreciates in value you keep 100% of the gains.
   
   
5. Many of the Blocks for Buyers are Myths: It does not take more income to buy a home. In fact, in Nothern Virginia it takes on average 20% less income to qualify for a mortgage loan than it does to qualify for a rental application. Also, buyers do not need a 20% down payment to purchase a home. There are loan programs that require as little as 3 to 5% down with some programs that require no down payment at all. Additionally, it does not take a superior credit score to qualify for a loan. While yes, the better interest rates and program flexibility are more available to those buyers with higher credit scores, buyers can qualify for the best loan programs with a credit score as low as 680. With current 30-yr fixed interest rates as low as 3%, buyers are presently positioned with purchasing power not seen before in the home buying process. There are fantastic loan programs and rates specifically reserved for first-time homebuyers. 

Please contact me to schedule a complimentary Buyer Consultation. I can discuss your specific needs against available housing inventory, pricing, purchasing power and how I can position you to win! I will outline the complete Buying Process for you.

"My overarching objective is first and foremost to be an advisor and value provider. I work to become the conduit of information to help consumers make the most informed decisions possible. I just happen to also have a real estate license." - Tim Trainum