The Best States to Purchase
Real Estate in This Year
home selling articles and tips
A person might want to purchase a new home in which to settle down. Then again, they might be in the market to buy a second house to use as some sort of summer home. Or, as an alternative plan, they may want to make an addition to their real estate investment portfolio.
Whatever the reason one puts forth to make a real estate purchase, it is important to know which states are the best states in which to spend this kind of money in 2014. Let us therefore review three states that some have suggested are the best places to live in 2014.
Is Fort Worth, Texas Really The Best?
With an expected real estate value growth potential of 25% over the next three years, some analysts have suggested that Fort Worth, Texas is the number one place to purchase real estate in 2014. However, many critics are not convinced that the market analysis on Fort Worth is where the real issue resides. With recent health concerns over fracking in the area, and an increase in asthma potentially associated with this occurrence, people are saying Fort Worth is a no-go.
It would therefore seem to depend on the real reason for why one might want to purchase property. If the purpose for such a purchase is investment related, then the market analysis might be an acceptable reason to take the plunge. If the reason is more personal, to purchase a home to live in, for example, then a person may want to think this decision through more carefully. Especially if they are prone to respiratory problems.
What About Delaware?
Some people might be scratching their heads in an attempt to figure out why Delaware would be an ideal place to purchase real estate. The state is so small on the map you practically need a magnifying glass just to notice it is there. But, aside from relaxed banking regulations, Delaware does harbor a significant economic advantage over other potential states for real estate investments—there is no sales tax in the state.
Imagine not being taxed for goods when you visit a store. Better yet, imagine being the business owner. When a business owner is not forced to waste their time with the payment of sales tax, that can really make some folks wonder why they live in a state that has a hefty sales tax rate. For those looking to relocate, especially business owners, finding the perfect piece of land for sale in Delaware might be the first step towards a more economical new home.
What About Oakland, California?
Perhaps one of the most economically viable places to buy real estate in 2014, for those who can afford it, is Oakland, California. With a strong tech trend driving new businesses to that part of the country, some analysts expect median house values to come in around $545,000. However, the likelihood that the average wage earner could participate in that market is rather low.
It is difficult to say with certainty which is the best state to purchase a home within in 2014. The financial prognosticators certainly have their favorite choices, but one must review their own financial situation to determine if these financial prognosticators are able to speak to the tune of common sense. Only the buyer knows their financial situation and the reason why they might want to buy a home in the first place. In that respect, the best state to buy a home in is the state that most realistically fits their financial situation and needs as a home buyer.
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