Find our exclusive home buyers guide below to read, print or share! The information in this guide is updated every 90 days to give you the most accurate depiction of market trends, interest rates and housing inventory. Pairing the information in the home buyers guide with my powerful property search feature gives you the best tools to make informed decisions about buying your next home. Whether you’re a first time buyer, new to the area or looking to downsize we have the information to help you be successful on your journey. Have a house to sell? Be sure to check our home sellers guide, full of tips for getting your property ready for the market.
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 Insights Report shows that home prices have appreciated by
3.5% over the last 12 months. The same report forecasts prices will continue to increase at a
rate of 5.6% over the next year.
Home values will continue to appreciate, so waiting may end up costing you more in the
2. Mortgage Interest Rates Are Forecasted to Remain Low
The Primary Mortgage Market Survey from Freddie Mac indicates that rates for a 30-year
mortgage have recently hovered around historically low levels. This is great news for buyers in
the market right now, because low rates increase your purchasing power, meaning you can get
more for your money.
The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of
Realtors are in unison, projecting rates will remain steady as we progress throughout 2020,
making this winter a great time to consider buying a home.
3. Either Way, You Are Paying a Mortgage
There are some renters who haven’t purchased a home yet because they’re uncomfortable
taking on the obligation of a mortgage. Everyone should realize that unless you’re living rentfree with your parents, you are paying a mortgage – either yours or that of your landlord.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have
equity in your home you can tap into later in life. As a renter, you guarantee your landlord is
the person with that equity.
Are you ready to put your housing costs to work for you?
4. Waiting May Increase Your Long-Term Costs
The ‘cost’ of a home is determined by two major components: the price of the home and the
current mortgage rate. It appears prices are on the rise, making waiting a potentially more
Look at the actual reason you’re buying and decide if 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 custom renovations, maybe now is the time to buy.
Buying a home sooner rather than later could lead to substantial savings. Let’s get together to
determine if home ownership is the right choice for you and your family this winter.
November 26th, 2019
The True Cost of Not Owning Your Home
The True Cost of Not Owning Your Home There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.” Why is owning a home financially better than renting? Here are the top 5 financial…
November 21st, 2019
3 Benefits to Owning a Home
Expert Advice: 3 Benefits to Owning a Home Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate: 1. Real estate diversifies your income “While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income. This is because the largest financial risk for most of you is the loss of your primary source of…
November 20th, 2019
Myths Holding Back Home Buyers
2 Myths Holding Back Home Buyers In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals, “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open the path to homeownership for many more.” Here’s The Myths Holding Back Home Buyers- Myth #1: “I Need a 20% Down Payment” Buyers often overestimate how much they need to qualify for…