Killeen,TX (PRWEB) March 13, 2013
Linnemann Realty Killeen TX has released a statement to the press regarding a new article from Market Watch that details individuals’ regrets when it comes to waiting to buy a home. The research illustrates that 3.6 percent of adults in the United Kingdom, equal to more than 1.5 million people, said their biggest financial regret of 2012 was not buying a home or moving for the first time. This jumped to over eight percent among people ages 25-34.
There was a one percent increase in property sales in England and Wales last year, though only 640,000 properties were sold, which is half the number of homes that were sold when the market reached its peak in 2006.
Andy Forbes, Head of Retail Products at First Direct, the group that conducted the research, comments on this issue stating, “It’s worrying that such a large number of people regretted not buying a home in 2012. Buying a home is understandably a daunting prospect, especially in these financially uncertain times, but at first direct we’re committed to helping first time buyers overcome some of the obstacles to getting on the property ladder.”
First Direct has put together a list of tips to help aspiring homeowners make a purchase.
They suggest that potential homeowners should research how much they can afford to borrow in order to get a feel for the size of the deposit they will then need to save. They also suggest planning their monthly income and expenditure in order to understand how much they can put away toward a deposit on a dream home.
Those looking to buy property should also think about getting a fixed rate mortgage, which enables the consumer to know what their monthly payments will be upfront. Low deposit mortgages are also becoming a popular option for first-time homebuyers.
Lastly, it is essential that a buyer negotiate on the value of the chosen property. Many sellers inflate their asking price, specifically because they know that purchasers will want to bargain. Understanding these tips can help to demystify the buying process, thus allowing individuals to own their own home.
The professionals at Linnemann Realty Killeen TX believe in the importance of home ownership. They comment on the issue stating, “It’s very simple. Interest rates are lower than they’ve been in decades and prices are lagging due to a sluggish market. There’s never been a better time to invest in real estate. Further, I can assure you there isn’t one financially independent person who doesn’t own real property. It’s a necessary step towards a liquid, stress-free retirement.” According to the professionals at Linnemann Realty Killeen TX, planning ahead and working toward home ownership is essential.
Linnemann Realty Killeen TX provides professional property management services. The group also helps individuals buy, sell, and rent a home that meets their needs and budget. The company serves individuals throughout Central Texas.