March 19, 2024

By Isabel Guzman, Realtor®

Video Transcription

What if you could increase your net worth 40x by doing this one thing?

Hi, I'm Isabel Guzman, Broker Associate & Realtor with EXP Realty.

If you are trying to decide whether to rent or buy a home this year, here is a powerful insight that may help you with your decision.

According to a report released by the Federal Reserve called the Survey of Consumer Finances, a homeowner's net worth is

almost 40 times greater than a renter’s. Yes, 40 times greater! Simply put, this wealth gap exists because as a homeowner your home equity grows as your home appreciates in value as you make mortgage payments.

As a renter, you will never see a financial return on the money you pay out in rent every month. According to senior economist Nicole Bachaud with Zillow, The biggest asset most people are ever going to own is a home. Homeownership is really that financial key that helps unlock stability and wealth.

So, if you are ready to start building your net worth today, it is best to align yourself with an experienced agent and lender to walk through the opportunities and guide you through the process of finding your ideal home.

Please reach out to me anytime so I

can guide you through this big life decision. Start building more net worth today. I'm Isabel and I'm always happy to help!