The 2013 Orange County Real Estate market is an exciting place right now because, there are more people buying homes, compared to recent years, thanks to low mortgage interest rates and rock bottom home prices as well.
With the excitement that comes with this Real Estate market right many people are “jumping in” head first and buying Real Estate without asking the important question “why am I doing this?”
Renting Vs. Buying
If you’re planning on buying an Orange County home because you’re tired of renting and ready to own a piece of Orange County and the American Dream, you’re making a smart choice. Right now, owning a home actually costs less than renting a home and home ownership also comes with lots of opportunities as well like the ability to earn equity in your home.
Another great reason to buy a home is the tax benefits that come from home ownership; a homeowner can enjoy tax benefits right from the very beginning and through all of the years that they own their home.
Real Estate Investment
With a lot of focus on income property lately, it’s easy to see the logic in buying an Orange County home for a Real Estate investment because, this move will enable the homeowner to earn positive cash flow, build equity and enjoy tax benefits during the years that they own their home.
Some homebuyers may be feeling a little pressure from family to buy a home during this Orange County Real Estate market, especially from family members who would hate for their loved ones to miss a great opportunity to buy their first home or income properties.
If you’re getting pressured by family or friends to buy a home now, make sure that the home you’re planning on buying lines up with your personal and financial goals. If it doesn’t, you don’t want to regret your decision to buy a home later on.
To learn more about the Real Estate market, or to view the latest Orange County homes for sale, contact Fred Sed & Associates today by calling us at (949) 272-0125.