What Are You Waiting For?
With spring thankfully right around the corner you may be thinking about whether or not now is the time to buy a home for sale in the Greenwood area?
Below you will find the top 4 reasons why you should buy now and NOT wait.
1. Prices Will CONTINUE To Rise
CoreLogic’s latest Home Price Index reports 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 bottom in home prices has come and gone. Greenwood homes for sale will continue to rise for the coming years. That's great news for sellers but for for buyers waiting no longer makes sense.
2. Interest Rates Are Predicted To Rise
Freddie Mac’s Primary Mortgage Market Survey shows 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. The higher the interest rate the less house you can buy. To repeat....waiting no longer makes sense.
3. Renting or Owning-Either Way You Are Paying A Mortgage
The question to ask here is whose mortgage do you want to pay? Your own mortgage and reap the rewards of home ownership or your landlords mortgage as well as an added rate of return? Again...waiting no longer makes sense.
4. It's Time To Move On With Your Life
The overall cost of a home is determined by two things; 1 being the actual price of the home and the other being the interest rate. We've established BOTH of these components are on the rise; but what if they weren't? Would you still wait?
Think about your individual "whys" of purchasing a home. What is YOUR motivation? What is YOUR why? Is it so you can start a family and have a place to call "home"? Maybe to have your own place so you can have freedom in decorating? Or it may be as simple as you want your own back yard to enjoy this spring and summer or whenever the notion strikes.
Whatever your whys are if you decide that it is time for you to buy ...waiting no longer makes sense. Whether it's a condo for sale in Greenwood or home for sale in Stoney Point give us a call and we will help you begin the search for your dream hoome. At The Bradshaw Group we don't pressure people into doing what they're not sure of--we simply provide the facts to help you make an informed decision.
