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The idea of purchasing your first home can be a daunting prospect to many buyers.  It means you'll have to take out a loan for at least a hundred thousand dollars - which also means that, thanks to interest, you will have spent far more than that by the time you're done paying off your loan. Why do it, then?  Why sign up for such a massive financial commitment?  We do it because the rewards of homeownership greatly outweigh any potential cons.  Your real estate team at Devine & Associates is here to help you understand why buying a home in Mid-Missouri might just be one of the decisions you ever make. Build Equity When you write a check for rent, you send that money off to your landlord fully aware that you will never get a penny of it back.  However, when you write a check for your mortgage, a portion of that check goes towards paying off the principal amount of the home loan.  The longer you have your home, the more principle you will pay ba...

If buying a new home has been in your thoughts recently, now is an excellent time to jump in and do it.  Buying sooner rather than later could end up saving you a large amount of money.  Our Laurie and Eldon real estate offices have some incredible choices for you to choose from.  Here are a few reasons why buying a home now instead of waiting is a good idea.   Home prices are predicted to rise.   Home prices have been appreciating over the past year, and predictions state that they will continue to rise, possibly at a rate of 5.2% in the coming twelve months. Over the next five years, they are expected to keep rising by more than 3% a year.    Interest rates on mortgages are expected to increase.   Mortgage rates have been their lowest over the past year, but they are now starting to rise slowly.  This coming year, expect rates to be higher than they are now.  When interest rates are higher, your monthly mortgage payments w...

The idea of purchasing your first home can be a daunting prospect to many buyers. It means you'll have to take out a loan for at least a hundred thousand dollars - which also means that, thanks to interest, you will have spent far more than that by the time you're done paying off your loan. Why do it, then? Why sign up for such a massive financial commitment? We do it because the rewards of homeownership greatly outweigh any potential cons. Devine & Associates Real Estate is here to help you understand why  buying a house at the Lake of the Ozarks  might just be one of the decisions you ever make. Reason #1: You Are Your Own Landlord While some landlords are cooperative, many renters have to deal with difficult landlords who never respond to their concerns or maintenance requests in a timely manner. "Professional landlords" rent their properties out as a way of making money, and some of them focus more on their profits than their renters' satisfaction...