4 Reasons to Buy A Home This Summer

Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

Home values will continue to appreciate. Waiting may no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Are you thinking of selling or buying real estate this year?  Contact us now to schedule a free consultation. We’ll work with you to develop an action plan to meet your real estate goals this year.

Posted on June 11, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Rent vs. Buy

The Feeling You Get from Owning Your Home

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones.

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Posted on June 10, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Rent vs. Buy

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

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Posted on June 7, 2019 at 10:39 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Mortgage, Move-up Buyers, Seller Tips

The Top Reasons to Own Your Home [INFOGRAPHIC]

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Posted on May 31, 2019 at 2:43 pm
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Seller Tips

The Ultimate Truth about Housing Affordability

 

There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. Continue reading

Posted on May 30, 2019 at 10:27 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips

Boomerang Buyers: Don’t Be Afraid to Buy a Home Again!

According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.Continue reading

Posted on May 24, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers | Tagged

What is Really Happening with Home Prices?

Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. Continue reading

Posted on May 23, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Housing Market Updates, Move-up Buyers, Seller Tips

Starting the Search for Your Dream Home? Here Are 5 Tips!

In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared.

In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process. Continue reading

Posted on May 21, 2019 at 8:51 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers

Why Access Is One of the Most Important Factors in Getting Your House Sold!

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. Continue reading

Posted on May 8, 2019 at 8:00 am
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Move-up Buyers, Seller Tips

Your Home’s Spring Maintenance Checklist [INFOGRAPHIC]

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Posted on May 7, 2019 at 1:00 pm
Jennifer Angel | Category: Buyer Tips, First-time Homebuyers, Infographics, Move-up Buyers, Seller Tips