For many years now we are noticing the interest to sell is much bigger than the interest to buy, so we call this a buyer’s market.
Meaning that buyers can negotiate prices much more than some years ago. Remember that prices will rise in some time from now, so the time to buy affordable Real Estate is now. Waiting means fewer options.
There are many properties for sale, and fewer buyers. Interest rates are still lower than some years ago, so check out the local realtor websites so see if there is anything of your liking.
We have no MLS in Aruba yet, so please check the following websites for Aruba’s Real Estate listings:
www.sothebysrealty.com and so on.
It is still cheaper to buy then to rent. Buying a home gives you a chance to start building equity, and you are investing in your future. Even if you end up selling your home in 5 or 10 years, you could profit from the sale and invest that money elsewhere. If you’ve been dealing with rising rent or the hassles of costly moves for the past few years, settling in to a home can stabilize your housing expenses – especially if you get a fixed-rate loan at a great rate.
You won’t have to worry about your monthly housing expenses changing significantly for a few years, and you will pay for something that has more value than a rental property. Consider the benefits of making this type of contribution to your future month after month.