Here are four great reasons to consider buying a home today instead of waiting.
1.Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3% 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.
2.Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have started to inch up, most experts predict that they will begin to rise even more over the next 12 months. The Mortgage Bankers Association , Fannie Mae, Freddie Mac & the National Association of Realtors are 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. 4 REASONS TO BUY A HOME NOW!
3.Either Way You are Paying a Mortgage As a paper from the Joint Center for Housing Studies at Harvard University explains: “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.”
4.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
Author:Julie Schnepp Phone: 765-617-9430 Dated: February 12th 2016 Views: 428 About Julie: Co-Founder and President of the RE/MAX Legacy Team
Throughout her career, Julie has received many...
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family-owned real estate business, Tim and Julie Schnepp are passionate about educating and helping their clients as they prepare to buy or sell a home in Pendleton, Fishers, Noblesville, Anderson, Greenfield and the surrounding area.
Lifelong residents of Pendleton, Indiana, Tim and Julie Schnepp use their deep knowledge of the area to help guide Indiana Home Buyers toward the perfect neighborhood and property. If you’re planning to sell your home, you’ll feel confident putting your most important asset in the capable hands of the RE/MAX Le gacy team. Whether you’re ready to begin your journey through the Central Indiana Real Estate Market or are just beginning your preliminary search, Tim and Julie Schnepp are ready to make your experience positive and stress-free from concept to closing.
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"Julie Schnepp is Probably the eighth Relator I have dealt with in my life. I have finally found
"The One". I feel like I am her only client. From day one she asked me how much I wanted to
be involved in the process of the sale of two houses and purchasing a third. I told her every
aspect. I am constantly receiving text, email and phone calls from Julie and her staff on
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