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!
Author:Lynda Western Phone: 602-919-0857 Dated: September 25th 2017 Views: 78 About Lynda: A family oriented person, Lynda has a passion for helping people in unfortunate situations. An Ariz...
View our latest blog posts in your RSS reader. Click here to access.
Home ownership rates are the lowest they have been in the last 50 year
"Mr. Neal Brown is a man of his word. He told us in the very beginning that he would not leave us until we find a home. He did just that. He stayed our realtor until we found a home that is great. The Lord Blessed us to find this home. Through Mr. Neal Brown expertise we were able to close before Christmas. I want to clarify something that the survey would not let me. Most of the lenders we found on our own before we engaged Mr. Neal Brown services. So he did not have anything to do with them giving up on us and other things that were not right. I would recommend Mr. Neal Brown and Remax for finding a home. "