Thinking Of Buying A Home What Are You Waiting For
Thinking Of Buying A Home What Are You Waiting For
Thinking of Buying A Home? What Are You Waiting For?
With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting.
Prices Will Continue to Rise
CoreLogic’slatestHome Price Indexreports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year.The Home Price Expectation Surveypolls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their mostrecent reportprojects home values to appreciate by more than 3.2% a year for the next 5 years.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Surveyshows that interest rates for a 30-year mortgage have remained below 4%. Most experts predict that they will begin to rise over the next 12 months. TheMortgage Bankers Association,Freddie Mac& theNational Association of Realtorsare in unison projecting that rates will be up almost three-quarters of a percentage point by this time 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.
Either Way You Are Paying a Mortgage
As a paper from theJoint Center for Housing StudiesatHarvard Universityexplains:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”
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?
Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.
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.
If you are ready and willing to buy, find out if you are able to. Meet with a local real estate professional who can help you find your dream home.
Author:Sue Fox Phone: 630-699-5111 Dated: February 23rd 2016 Views: 578 About Sue: ...
View our latest blog posts in your RSS reader. Click here to access.
At Realty Executives Premiere…
...we are dedicated to setting the standard for leadership and customer service in the Western Suburbs real estate market.
We have extensive knowledge of each of the communities located in the Western Suburbs and surrounding areas and will work tirelessly on your behalf to make your next real estate buying or selling experience a pleasant and successful one. Our services include working with both buyers and sellers in a wide array of real estate markets including residential, commercial, land, and other related property types. We maintain the highest possible standards and provide our clientele with a complete real estate solution.
OUR AGENTS AND A COMMITMENT TO SERVICE
Our company provides real estate agents dedicated to serving your every real estate need. At Realty Executives Premiere,our agents are committed to providing a superior level of service in order to ensure the smoothest and most beneficial outcome to each and every real estate transaction. Our agents maintain exceptional knowledge of the local real estate market, outstanding negotiating skills, and the experience necessary to give you the service you deserve. Professionalism, dedication, and knowledge make Realty Executives Premiere the perfect choice when selecting a real estate professional.
HELPING YOU SELL YOUR PROPERTY IN THE MOST EFFECTIVE MANNER POSSIBLE
Selling a home or other type of real estate is a much more involved process than most people realize. It is our commitment to help sell your home or property in a timely fashion while helping you attain the highest possible price for your real estate. We provide outstanding exposure to your property through both traditional means of advertising while maintaining a comprehensive approach using today's modern techniques including web advertising. With tremendous selling experience combined with our comprehensive selling methods, we will ensure that your home selling process is a smooth and enjoyable experience.
MAKING THE REAL ESTATE BUYING PROCESS A SUCCESSFUL ONE
At Realty Executives Premiere, we find that providing outstanding services for our buyers includes combining superb area and market knowledge with experience you can trust. For buyers looking for homes or other real estate here in Wheaton or other surrounding communities in DuPage County, IL, we will work with you to find your ideal home through the employment of a wide array of resources. From free online access to search every home in our market to our dream home finder form, we will make sure all your real estate buying needs are met for all Wheaton, Glen Ellyn, Winfield, Warrenville, West Chicago, and Lombard, area homes. In addition, once we've narrowed down your search to the ideal real estate you are looking for, we can begin the home showing process so you can get a closer look at the homes that should be a good fit for you. Once this has taken place, we will utilize our outstanding negotiating skills in order for you to receive the best possible price for your new property.
We look forward to serving all your real estate buying needs.
here are some homeowners that have been waiting for months to get a pr
"“I love the “family” atmosphere at the Premiere office, and I have been given the freedom to truly run my own business - even as I enjoy the support, technologies, and Broker counsel of our Realty Executives brand. The strong name recognition of this company in the western suburbs gave me the strong start that I needed.”
This is a perfect business model for team-building and collaborative efforts. I will be forever thankful that I have been able to team up with the best in the business.