The real estate market is constantly changing, so of course DO
YOUR RESEARCH! DO NOT jump the gun on this one! Unbiased advice from family and
peers may be kind, but you are the only one who knows what your needs are when
it comes to buying a home.
WHAT
MADE YOU CONSIDER OWNING A HOME?
Forget finances for a
minute and focus on what made you consider even buying a home in the first
place!
· Is
your family expanding?
· Does
your family feel safe?
· Is
there a STELLAR school system in the area so your children can
get the education they deserve?
· How
about that unbearable landlord?
WHICH
WAY IS THE REAL ESTATE MARKET GOING?
DON’T SLEEP ON YOUR
DECISION TOO LONG! Home prices are on the rise! Not only are they on their way
back up, but these increases are happening monthly.
Don’t believe us?
According to Existing Homes Sales Report from
the National Association of Realtors
(NAR), the average price of homes in May 2017 went up 5.8% from last
year.
If you wait until next
year to buy, you might be scrapping for change in the cushions to say the
least! Not only will it cost you more to buy, but you will also need to increase
your down payment to account for the higher price of the home.
WHAT IS
THE MORTGAGE FORECAST?
The initial process of
purchasing your home may seem easy and quick, but THERE IS MORE TOO IT! The
‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time!
Mortgage Bankers Association (MBA), and NAR have projected that mortgage
interest rates will DEFINITLEY increase over the next twelve months. The
smallest increase in mortgage rates can have a huge impact on a home owner.
FINAL THOUGHTS
If you and your family
feel it is the right time to buy a home then GO FOR IT! Consider these points
when making the final decision.
Don’t forget, this move
is FOR YOU!
No comments:
Post a Comment