If you’re thinking about buying a house, but not interested in taking out a mortgage loan and are curious about whether you can buy a house with cash, you’re not alone. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that the reality is, buying a home in cash is out of reach for most Americans. With stagnating wages, the rising cost of living, and home prices rising so quickly — often outpacing what people can save — it’s more challenging than ever to buy a home with cash. If you’re planning to avoid a mortgage and save up for a home, it’s wise to think about how long it might take you to reach your goal . . . and what you might sacrifice along the way. Namely: more equity in your home, which builds your wealth over time as you pay down your mortgage. The best way to build wealth is to become a homeowner, not wait five years to be one. Waiting could mean missing out on a great opportunity to build wealth in your portfolio today, rather than tomorrow. With mortgage rates at historic lows, it’s a great time for creditworthy buyers to jump into home ownership using financing. Mortgages are cheap — perhaps cheaper than they’ve ever been. Check out below to see what sold in Crosswinds West in June 2021:
|
40015 Crosswinds, Novi: 2 bedrooms, 2.1 bathrooms, 1,150 sq. feet, Sold Price: $190,000
Crosswinds West Home Sold
June 2021
Waiting until you save enough to buy a home in cash could end up locking you out of homeownership all together. For more information on Crosswinds West, or similar Northville or Novi neighborhoods such as Lakewoode Parkhomes, Country Place and Highland Lakes, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.