It’s that time of year! The seasons are changing and many are thinking about making a move. Those on the fence about whether now is the right time to buy don’t have to look far to find four great reasons* to consider buying a home now, rather than waiting.
1. Prices Will Continue to Rise
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense...
2. Mortgage Interest Rates Are Projected to Increase
Rates are projected to be up almost a full percentage point by the end of next year. An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home...
3. Either Way You are Paying a Mortgage
As a recent paper from the Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent…
4. It’s Time to Move On with Your Life
Not everything is about money. Look at the actual reason you are buying and decide whether it is worth waiting. Are you looking for a lifestyle change? Better schools? More control over your space?
Bottom Line
If you are considering a move for whatever reason, buying sooner rather than later could lead to substantial savings.
* Information from Keeping Current Matters www.keepingcurrentmatters.com
