Take the Plunge and Buy a House - High Performance Real Estate Advisors

Our market has shifted, so now is the time for renters to purchase homes.

There’s a lot of conversation about interest rates right now. They’ve gone up, but 6% is still historically low, so they shouldn’t stop you from transitioning from renting to homeownership. When you rent, you pay 100% interest.

The rent for a one-bedroom in Charlotte is about $1,490 per month. Over 30 years, that would add up to $536,400 for something you’ll never own. You have to gross about $2,000 per month to bring home $1,490 per month net. That means the price of your one-bedroom is closer to $700,000, and you’ll never own it. 

If you’re thinking about buying a property, now is the time. The market has started to shift back to a balanced market, so we don’t see 30 offers per listing. Now is your opportunity, so reach out to me by phone or email to schedule a free, no-obligation consultation. I look forward to helping you reach your real estate goals.