Nobody can say with certainty, but over the long term (5 to 10 years), real estate typically appreciates and is a good investment for a variety of reasons. Of course, like any investment, there is always risk associated with it.
This question has many variables and requires a great deal of thought. Besides the financial numbers, quality of life and short and long term goals need to be factored in. Your real estate sales associate can assist you with looking at all the angles, as this is a question that can not be answered in a quick FAQ.
Whether you are buying or selling, the real estate agent you select plays a very important role. Your agent has a fiduciary responsibility to be fair and honest with you and will provide advice and guidance in a constantly changing market. This is extremely valuable especially when some property information is not 100% accurate or is out dated. Your agent keeps a pulse on the local real estate market and will be there for you every step of the way.
A Realtor is an agent who belongs to the local state board of realtors and is affiliated with the National Association of Realtors (NAR). Realtor is a trademark of the NAR. All Realtors must follow a strict code of ethics when dealing with the public and other realtors.
If you are prequalified for a loan, it means the lender believes you may potentially secure a loan through them. If you have been preapproved, it means the lender has done more extensive background checks and is willing to give you a loan. It is always best to have a qualified and trusted mortgage representative assisting you, along with your sales associate.
This is one area where a sales associate can really shine. They should be able to provide you with up to the minute market statistics, allowing you to make an informed decision.
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