Zephyr Realty Offers Insight on Economic Uncertainty
San Francisco, CA (PRWEB) September 17, 2015 -- The interconnected world economy today can be quite frightening — sovereign debt troubles in the Euro Zone or an economic lull in China causing jitters in the stock market, and markets throughout the world. Will mortgage interest rates be going up or coming down? Have housing values gone as high as they can? Will property values come down in the near future?
Because there’s no way to know for sure what is in the future, evaluate why buying a home is personally necessary. In high rent areas like San Francisco, it can be more expensive to rent a home rather than buy, especially taking into account the tax savings from the mortgage interest deduction. So in the short-term, buying a home provides shelter while paying a lower mortgage rate than a renting one.
Mid-to-long term, consider the potential of a home as an investment vehicle. As property values go up, substantial gains on the initial investment begin to accrue. Of course, values don't go upward forever. Even in the city, downturns have happened before and will again. The safest bet is to buy a home that is likely to meet any wants and needs for the next five to seven years minimum. That way, if there is a downturn, riding it out in comfort is a probable option. The market may provide opportunities to sell a property sooner than five years, but it's best to be prepared for a longer haul if circumstances require it.
Remember, interest rates and home values cannot be controlled, but planning ahead and making the best personal decision depending on the situation is always the best choice. To help come to these conclusions, Tim J Gullicksen Zephyr Realty has an experienced realtor ready to help with invaluable assets in these types of endeavors!
About the company:
Tim Gullicksen has been a top-producing real estate agent since he first entered into the business and takes great pride in managing every aspect of each transaction. After graduating from high school in the South Bay, Tim earned a bachelor’s degree in political science and history from the University of California-Berkeley. He went on to earn his teaching credentials from JFK University in Orinda and taught kindergarten in the San Jose Unified School District. He brings an educational approach to real estate developed from that background and sees himself as a facilitator of property transactions. For more information, visit his website at http://www.timgullicksensf.com/.
Tim Gullicksen, Tim J Gullicksen Zephyr Realty, http://www.timgullicksensf.com, 415-655-1588, [email protected]
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