Reasons To Buy BEFORE The Winter Season

Dated: 10/27/2015

Views: 119

Image title

It's the season with thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are considering whether now is the right time to buy don't have to look much farther to find four great reasons to consider buying a home now, instead of waiting for the next season.

1. Renting vs. Buying. Whichever you choose, You are Paying a Mortgage Anyway

 “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.”

2. Prices Will Gradually Rise on the Next Coming Months

Recent reports from The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Home values over the next five years are rated to be between 10.5% for the most pessimistic and 25.5% for the most optimistic. If Home values will continue to appreciate for years. Waiting is just a waste of time.

3. Mortgage Interest Rates Are Foreseen to Increase

Most experts predict that there will be a rise in mortgage rates later this year even if Freddie Mac’s Primary Mortgage Market Survey displays that interest rates for a 30-year mortgage have relaxed recently. This projected increase in rates will affect your monthly mortgage payment. Do the math, monthly rent will be higher that a monthly payment for your home.

4. The Smart Move

The price of the home and the current mortgage rate defines a property’s worth. It appears that both are increasing. If the right thing for you and your family is to purchase a home this year, buying before the year ends is a smart move. Contact a Local Real Estate agent now.


Related Topics: RENT TO OWN A THING OF THE PAST

                            WHAT YOU NEED TO KNOW ABOUT THE QUALIFIED MORTGAGE RULES

                            IF YOU WERE SELLING TODAY WOULD YOU HAVE THE HOME THAT BUYERS WANT

                            Home Prices Up Over 25% in Three Years

Blog author image

Rick Hogue

As the team leader for our group, my responsibility is to all of our clients to insure they are treated with respect and all of their needs are met. In addition I am the listing agent for the team hel....

Want to Advertise on this Site?

Latest Blog Posts

4 Funky Odors In Your House Only Your Guests Can Smell

You could be noseblind. Here’s how to find and eliminate the funk you can’t smell. Stand in your kitchen and take a deep breath. Smell that? From last night’s fish to your son’s nasty

Read More

3709 High Crest Ct Crestwood KY 40014 Move In Ready

Offering easy living with all the comforts of luxury in this 5BR/4.5BA brick home in the Woods of Hillview. From the covered front porch, enter the two-story foyer with Palladium window and be

Read More

The Right Way To Pick A Gorgeous Color Scheme For Your Home

Picking a color for one room can be challenging enough. But picking a palette for your whole house?That feels daunting. Coordinate your colors too much, you’ll end up matchy matchy.’

Read More

Is 2018 The Year You Should Buy A Home

If buying your first home is among your New Year's resolutions for 2018, you might be viewing the current real estate landscape with equal parts hopeful wonder and anxious dread.As a first-time

Read More