New Listing! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES Business Opportunity! AMERICAN VILLAGE $1,050,000 1839 Senate Street 4 Beds 3 Baths I 3.152 sq ft. Kree Christie, 970.275.3153 New Listing! 55+MANUFACTURED HOME COMMUNITY $1,650 000 11900 6300 Road 726 Acres 129 Spaces Don Bailey, 970 209 6257 The Average Days on Market in Montrose have increased over 15% compared to last year. If you'd like more Information about the value of your home, give us a call today. 15% DELTA $349,900 625 Sloan Street 3 Beds 2 Baths 1 1,170 sq. ft. Donna Harville Justin, 970 216.8316 THE PERKS OF BUYING OVER RENTING Thinking about buying a home? While today's mortgages seem a bit intimidating here are two sold reasons why if you're ready and able, it could stil be a smart move to get your own place 1. HOME VALUES TYPICALLY GO UP OVER TIME There's been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they're still going up in fact over the long-term home prices almost always goup (see graph below): Price Appreciation over the Last 60 Years 2. RENT KEEPS RISING IN THE LONG RUN Here's another reason you may want to think about buying a home instead of renting-sent just keeps going up over the years. Sure it might be cheaper to rent right now in some areas but every time you renew your lease or sign a new one, you're likely to feel the squeeze of your rent getting higher. According to data from Property Management rent has been going up pretty consistently for the last 60 years, too (see graph below) Increase in Rents over the Last 60 Years Using data from the Federal Reserve (the Fed), you can see the overal trend is home prices have climbed steadily for the past 60 years. There was an exception during the 2008 housing crash when prices didn't follow the normal pattern, but general home values kept rising This is a big reason why buying a home can be betterthanting As prices go up and you pay down your mortgage you build equity Over time, this growing equity can realy increase your net worth The Urbantuta Homeownership is critical for wealth building and financial BOTTOM LINE So how do you escape the cycle of rising rents? Buying a home with a fixed-rate mortgage helps you stabilize your housing costs and say goodbye to those annoying rent increases that oft Your housing payments are like an investment, and you've got a decision to make. Do you want to invest in yourself or keep paying your landlord? When you own your home, you're investing in your own future. And even when renting is cheaper, that money you pay every month is gone for good As Dr. Lutz Deputy Chief Economist and VP of the National Association of Realtors (NAR) says fa homebuyer is financially stable, able to manage monthly mortgage costs and can handle the associated household maintenance expenses, then it makes sense to purchase a home if you're tired of your rent going up and want to explore the many benefits of homeownership, let's talk to explore your options bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers: Tren Unrein, Brian Unrein, Autumn Barrett, Don Bailey, Jeff Kehfuss, Kree Christie, Linda Stel, Makaya Cervone, Michael Scott Dosch, Heidi Lutz, Medi Sepah and Donna Justin New Listing ! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES Business Opportunity ! AMERICAN VILLAGE $ 1,050,000 1839 Senate Street 4 Beds 3 Baths I 3.152 sq ft . Kree Christie , 970.275.3153 New Listing ! 55 + MANUFACTURED HOME COMMUNITY $ 1,650 000 11900 6300 Road 726 Acres 129 Spaces Don Bailey , 970 209 6257 The Average Days on Market in Montrose have increased over 15 % compared to last year . If you'd like more Information about the value of your home , give us a call today . 15 % DELTA $ 349,900 625 Sloan Street 3 Beds 2 Baths 1 1,170 sq . ft . Donna Harville Justin , 970 216.8316 THE PERKS OF BUYING OVER RENTING Thinking about buying a home ? While today's mortgages seem a bit intimidating here are two sold reasons why if you're ready and able , it could stil be a smart move to get your own place 1. HOME VALUES TYPICALLY GO UP OVER TIME There's been some confusion over the past year or so about which way home prices are headed . Make no mistake , nationally they're still going up in fact over the long - term home prices almost always goup ( see graph below ) : Price Appreciation over the Last 60 Years 2. RENT KEEPS RISING IN THE LONG RUN Here's another reason you may want to think about buying a home instead of renting - sent just keeps going up over the years . Sure it might be cheaper to rent right now in some areas but every time you renew your lease or sign a new one , you're likely to feel the squeeze of your rent getting higher . According to data from Property Management rent has been going up pretty consistently for the last 60 years , too ( see graph below ) Increase in Rents over the Last 60 Years Using data from the Federal Reserve ( the Fed ) , you can see the overal trend is home prices have climbed steadily for the past 60 years . There was an exception during the 2008 housing crash when prices didn't follow the normal pattern , but general home values kept rising This is a big reason why buying a home can be betterthanting As prices go up and you pay down your mortgage you build equity Over time , this growing equity can realy increase your net worth The Urbantuta Homeownership is critical for wealth building and financial BOTTOM LINE So how do you escape the cycle of rising rents ? Buying a home with a fixed - rate mortgage helps you stabilize your housing costs and say goodbye to those annoying rent increases that oft Your housing payments are like an investment , and you've got a decision to make . Do you want to invest in yourself or keep paying your landlord ? When you own your home , you're investing in your own future . And even when renting is cheaper , that money you pay every month is gone for good As Dr. Lutz Deputy Chief Economist and VP of the National Association of Realtors ( NAR ) says fa homebuyer is financially stable , able to manage monthly mortgage costs and can handle the associated household maintenance expenses , then it makes sense to purchase a home if you're tired of your rent going up and want to explore the many benefits of homeownership , let's talk to explore your options bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers : Tren Unrein , Brian Unrein , Autumn Barrett , Don Bailey , Jeff Kehfuss , Kree Christie , Linda Stel , Makaya Cervone , Michael Scott Dosch , Heidi Lutz , Medi Sepah and Donna Justin