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.
February 25th, 2020
Trusted Professionals Make Homebuying Easier
How Trusted Professionals Make Homebuying Easier to Understand In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with trusted professionals make homebuying easier and it can help ease those concerns and make the process to homeownership much easier to understand. A recent survey conducted by Ipson and Freddie Mac reveals the confidence level of Gen Z and Millennial buyers regarding the homebuying process….
February 22nd, 2020
The Overlooked Financial Advantages of Homeownership
The Overlooked Financial Advantages of Homeownership There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial advantages of homeownership and how preparing for them now can steer you in the direction of greater stability, savings, and predictability. 1. You Won’t Always Have a Monthly Housing Payment According to a recent article by the National Association of Realtors (NAR): “If you’ve been a lifelong renter, this may sound…
February 21st, 2020
The #1 Misconception in the Homebuying Process
The #1 Misconception in the Homebuying Process After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate, which brings about the biggest misconception in home buying. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned out to be a short-lived mirage as buyers came back into the market and more than erased the inventory gains. As a natural reaction, the recent slowdown in home…