If you’re planning on buying a home, now is the perfect time to do so. Here are the top reasons to consider buying your home now instead of waiting.
1. Rising Prices
Waiting to buy a home in the hopes that prices will be lower, is not practical anymore.
The latest CoreLogic Home Prices Index predicts that home prices will continue to rise at a rate of 4.7% over the next year.
Trends from the past 12 months show that home prices have appreciated by 7%. What these trends are telling us is it will be more expensive to buy a home next year than buying one now.
2. Growing Mortgage Interest Rates
The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors all predict that mortgage rates will rise by next year.
Why put off buying your own home? Waiting will cost you more.
3. Paying Mortgage Either Way
Some people choose to rent because they are not comfortable taking on the obligation of a mortgage.
But the reality is that you are still paying the mortgage while renting—your landlord’s mortgage.
When you buy your own house, your mortgage allows you to have equity in your own home.
There is no escaping paying mortgage unless you want to live with your parents for the rest of your life.
If buying a home this year is the right thing to do for you and your family, you’ll have substantial savings by buying sooner.
At Burgess Group Realty LLC, we help our clients find the best deals in the market at the fastest possible time. Let’s meetup so that we can help you buy your home sooner.
CALL Catherine now at 303.506.5669.