All You Need To Know About Buying a Single Family Home
At this moment, there is a lot of hype in the media about a shortage in the property market, and about long waiting lists of people wanting to buy single family homes in particular. But here’s why this is just hype: there are quality homes you can buy. You may have to wait a month or even two months but this will make no difference in the long term for you as an investor. In fact, right now is the best time to go for that single family home purchase, as I explain in this episode of Investing for Busy People.
There’s no rush.
There is no doubt that buying a single family home right now is a great idea. Buyers and renters prefer this living situation right now to apartments with shared spaces/surfaces, lifts and so on. There is also the fact that interest rates are low and it would be a shame not to take advantage of the 30 year fixed rate loan.
However, you’ve waited years to buy your home, and you can certainly wait for a month or two more. And the benefits are many. Buying now means that your long term financial prospects in ten or fifteen years are genuinely positive. There is no need to be in a hurry. There is certainly no need to settle for a poor quality property in a low quality market that will leave you with far lower returns over the longer term.
How to buy a single family home right now.
Now there are a lot of people who choose to forge their own path in an unfamiliar market, probably far from home, choosing their own property manager. While this is possible, it is positively brave-- in fact it is fraught with risk. I would advise property buyers to opt for the ICG advantage. Check out my podcast to know more about this and the right way of going about buying that single family home right now.
ICG uses single-family home investments, bought in advantageous locations and the best U.S. markets. We enable you to enjoy the clout that comes from purchasing a multitude of houses, even if you only buy one.
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