Tuesday, March 04, 2008

buying the dream house

The economy seems to be faring well enough, interest rates are going down, bit by bit, and so is commercial mortgage. Now I think would be a good time to go into buying real estate. To good thing about investing in real estate is that the value normally appreciates over time, though the sad side is you still need to pay for all those real estate taxes yearly. Even so, property normally is a good, hard investment to keep in the long term, so its so good to go and buy them when the interest rates are going down, so will the mortgages you have to pay, after all, the small increments in the interest rate matter a lot when you have to pay it long term, say 10-15 years. It makes quite a difference, really.
We're also looking at buying our own place, and its a really challenging task. We will be staying at the apartment till mid-September, which gives us enough time till then to search our own place. Its kinda hard given that we want to have the best value for what we will buy, because its such a long term investment. We need to get the best bank interest rates as well because we need to get the lowest possible mortgage. It really is quite a challenge, this business of buying real estate. A challenge we'd surely be facing head on in the next couple of months.

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