4 Great Reasons To Buy This Spring

Dated: 03/20/2017

Views: 196

4 Great Reasons to Buy This Spring!

4 Great Reasons to Buy This Spring! | MyKCM

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 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

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 remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that 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 cost to work for you?

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 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 renovations, maybe now is the 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.


Blog author image

Michele and Brian Metz - DRE 01511610

Let's go house hunting together! I have been a Realtor for over 14 years, and my husband Brian joined my team in 2015. Brian & I understand that what makes life good are the people we have in it, an....

Want to Advertise on this Site?

Latest Blog Posts

Feb 13 2019 25821 1

Tax Deductions for Homeowners: How the New Tax Law Affects Mortgage Interest Tax changes for 2019 change the landscape for homeowners. Tax season is upon us once again, and to make it even more

Read More

Feb 5 2019 Down Payment

ONE MORE TIME… YOU DO NOT NEED 20% DOWN TO BUY A HOME The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising

Read More

Feb 4 2019 20198 1

YOU ARE PAYING OFF SOMEONE'S MORTGAGE WOULDN'T YOU RATHER IT BE YOURS!There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage.

Read More

Tidying Up Tips Hit The Housing Market

Admit it — over the holiday break you found yourself binge watching the hit show with superstar organizing consultant Marie Kondo and quickly realized your place is not 

Read More