Is now the Time to buy a Home in Saline County?
Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five reasons purchasers should consider buying before the spring market arrives:
Supply is not Increasing
In Saline County, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.
Price Increases Are on the Horizon
Prices are projected to appreciate by over 15% from now to 2022. First time home buyers will probably pay more both in price and interest rate if they wait even until the spring. Even if you are a move-up buyer, it will wind-up costing you more in net dollars as the home you will buy will appreciate at approximately the same rate as the house you are in now.
Owning a Home Helps Create Family Wealth
Whether you are rent or you own the home you are living in, you are paying a mortgage. Either you are paying your mortgage or your landlord’s. The Fed, in a recent study, revealed that the net worth of the average homeowner is 30 times greater than that of a renter. 30 times!
Interest Rates Are at Historic Lows
With mortgage rates remaining near historic lows, Fannie Mae and others have increased their forecasts for housing appreciation for the rest of the year. If home price gains are about to re-accelerate, buying now rather than later makes financial sense.
The Mortgage Bankers Association, the National Association of Realtors, Freddie Mac and Fannie Mae have all projected that the 30-year mortgage interest rate could be over 5% by the this time next year. That is an increase of one full point over current rates!
Buy Low, Sell High
We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’ compared to where it will be next year. It’s time to buy!
The Bottom Line
Of course you need a Realtor you can Trust. I am ready to take on that Trust as I have for many buyers before. Clients no longer need AGENTS for information regarding which homes are for sale or what houses in their neighborhood sell for. They can easily find that information online. What clients really want is someone who can…
· Analyze all the available information.
· Connect the dots and let them know if now is a good time to buy or the right time to sell.
· Take the time to explain their options—simply and effectively.
“Your Best Friend in Real Estate”
Connect with me on my Homesnap account! The best way to search for a home! https://www.homesnap.com/Doug-Robinson