Are you interested in Buying or Selling a Home? The Market is Strong !
Please contact me anytime for a Free Market Value Analysis.
If the right thing for you and your family is to purchase ahome this year, Buying sooner rather than later could lead to substantialsavings.Hereare four Great Reasons to consider buying a home today instead of waiting.
1. PricesWill Continue to RiseCoreLogic’s latest Home Price Indexreportsthat home prices have appreciated by 6.9% over the last 12 months. The samereport predicts that prices will continue to increase at a rate of 4.8% overthe next year. The bottom in home prices has come and gone. Home values willcontinue to appreciate for years. Waiting no longer makes sense.
2. MortgageInterest Rates Are Projected to IncreaseFreddieMac’s Primary Mortgage Market Survey shows thatinterest rates for a 30-year mortgage have remained around 4% over the lastcouple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac& the National Association of Realtors are in unison, projectingthat rates will increase by at least a half a percentage point this time nextyear. An increase in rates will impact YOUR monthly mortgage payment. A yearfrom now, your housing expense will increase if a mortgage is necessary to buyyour next home.
3. EitherWay, You are Paying a Mortgage Thereare some renters who have not yet purchased a home because they areuncomfortable taking on the obligation of a mortgage. Everyone should realizethat, unless you are living with your parents rent-free, you are paying amortgage "Either Yours or your Landlord’s." As an owner, your mortgagepayment is a form of savings’ that allows you to build equityin your home, that you can tap into later in life. As a renter, you guaranteeyour landlord is the person with that equity. Are you ready to put yourhousing cost to work for you?
4. It’sTime to Move on with Your LifeTheCost of a home is determined by two major components: the price of the homeand the current mortgage rate. It appears that both are on the rise. But whatif they weren’t? Would you wait? Look at the actual reason you are buying anddecide if it is worth waiting. Whether you want to have a great place for yourchildren to grow up, you want your family to be safer or you just want to havecontrol over renovations, maybe now is the time to buy.
REALTOR®, GREEN, GRI, CNE
512 693 8604 office /512 632 3162 cell
Turning Savvy, Informed Austin Area Urbanites into Successful Homeowners, Investors, Sellers and Leaser’s!