Given the recovery of the Texas real estate market, 2013 just might be the year for you to purchase a home in Stephenville. Furthermore, there may not be as many barriers as you might first expect. Regardless of your financial situation and profile, those numbers can almost always be improved. However, waiting to improve your economic situation just might delay finding and acquiring a great piece of property. And while, yes, we should always seek to improve our financial profile, home buying, with its tax credits and ability to improve a credit score by properly servicing the mortgage payments, just be the easiest and best way to do so. So staying out of a vibrant real estate market in Erath County could be ignoring a viable economic avenue.
Prospective buyers sometimes talk themselves out of purchasing a home because they are improving their credit or saving up for a down payment. These can just be stalling tactics. Even in a slow market, home prices rise much faster than you can improve your credit scores or pay off a credit card. Moreover, in the time it takes to improve a credit score or pay off a debt, the prices of homes in Stephenville may continue to rise to a point that the increase in value will outpace any savings you put away, especially when you factor in historic lows in interest rates.
The bottom line is that the acquisition of a home in Stephenville might just be the economic boost for which you are looking. After you have acquired property, you can continue to reduce higher-interest debts and improve that credit score. Also, in a year or two, as the market continues to rally in Erath County as it is doing across the entire state of Texas, you can refinance your mortgage with better rates and terms, putting even more savings in your pocket.
Should you decide that buying a home in Stephenville is a wise economic choice for the new year, as so many others are doing, give us a call to learn about the properties which will best suit your needs.