The year is 2020, the year where the whole world was affected by a pandemic. Countries need to close borders to control the infection, which in turn affected the global economy.
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| "money-home-coin-investment" by nattanan23 is licensed under CC0 |
As the world's experts raced to develop the vaccine and the economy is slowly adjusting to the new normal. Along with this new set up are unusual opportunities, one of them is the Real Estate industry. As banks offer lower interest rates to attract businesses, this also gave consumers a window to hunt for bargains.
So What's in It for Me?
This may be a good opportunity to buy your first home.
Why?
Because the interest rates are currently low. And the real estate industry are now in need of consumers. Simply put, your spending power is now needed more than ever.
Okay. I want to buy my first home. How do I go about it?
In January, I've published an article Planning on Buying a House? Know How Much House You Can Really Afford to help first time home buyers here in the Philippines.
If you live in the west, money.com published a comprehensive article that is suited to the western process of buying a home. Read the very informative article How Much House Can I Afford?. It discusses of what to do to effectively finance your dream house..
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Given the current world situation, it is understandable to forgo some of your plans. But remember that sometimes, if not most, Blessings are in disguise.
"Expect the best. Prepare for the worst. Capitalize on what comes.”
Zig Ziglar
- Your Life In Perspective by Ælf ræd (Elf Counsel)
