The real estate market is constantly changing, so of course DO YOUR RESEARCH! DO NOT jump the gun on this one! Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.
WHAT MADE YOU CONSIDER OWNING A HOME?
Forget finances for a minute and focus on what made you consider even buying a home in the first place!
· Is your family expanding?
· Does your family feel safe?
· Is there a STELLAR school system in the area so your children can get the education they deserve?
· How about that unbearable landlord?
WHICH WAY IS THE REAL ESTATE MARKET GOING?
DON’T SLEEP ON YOUR DECISION TOO LONG! Home prices are on the rise! Not only are they on their way back up, but these increases are happening monthly.
Don’t believe us? According toExisting Homes Sales Report from theNational Association of Realtors (NAR), the average price of homes in May 2017 went up 5.8% from last year.
If you wait until next year to buy, you might be scrapping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home.
WHAT IS THE MORTGAGE FORECAST?
The initial process of purchasing your home may seem easy and quick, but THERE IS MORE TOO IT! The ‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time! Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will DEFINITLEY increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner.
If you and your family feel it is the right time to buy a home then GO FOR IT! Consider these points when making the final decision.
Don’t forget, this move is FOR YOU! For a free home search tool CLICK HERE.
Author:Jami Asanovich Phone: 480-518-0285 Dated: September 14th 2017 Views: 571 About Jami: Jami Asanovich is an accomplished and dedicated Realtor with more than 13 years of professional real...
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"I wanted to acknowledge your employee Deb Dewees. She was the agent working with the buyers of my home I sold in Mesa, AZ and I am very grateful for all her hard work. She is sincerely dedicated to her clients and she did everything in her power to aid in the closing of my home in impeccable timing. There were many obstacles in our journey to selling our house, but we could always count on Deb to get things done. She is compassionate and caring and we would like to thank her for all that she accomplished with the selling of our home. Thank you a hundred times over."