With property values consistently appreciating in the Silicon Valley, buyers should consider their timing when to take the plunge into homeownership. When you consider the area’s convenient location, excellent weather conditions, outstanding schools and a vibrant business climate, it's no wonder more people are relocating to this area. All economic forecast indicate real estate values will continue to increase over the entire South Bay area. (Note: Forbes Magazine August 16, 2007 issue designated the Bay area as the second best real estate market in the USA!)

What About Mortgage Rates?

Mortgage rates have also held steady recently, and remain affordable. By locking in a rate now, you can most likely secure more house for less money than it will cost you next year. For the same reason, if you are looking for a larger house in the Silicon Valley area, now is a good time to make your move.

Rent Vs. Buy

If you’re still renting, you're missing a golden opportunity to grow equity instead of lining your landlord’s pocket. For many renters, each that passes means a rent increase. For the homeowner, your mortgage payments will remain the same (with a fixed mortgage). For those owners who financed your home with an adjustable mortgage, you may experience a slight payment adjustment.

Homeownership - What Are The Benefits?

Buying a Silicon Valley home is generally considered a safe, smart investment. In addition, as a homeowner, you will enjoy all the tax benefits and ability to deduct interest on your mortgage payments. In the early years of your mortgage, practically all of your monthly payment is tax deductible because you're paying very little towards the principal and more for interest.

Contact us now for more information about the tremendous advantages of buying real estate in the Silicon Valley.