The High Cost of Waiting to Purchase Your Next Home in the Spring
If you're a home buyer who's been "sitting on the fence" about when to purchase your home, the longer you wait, the higher the cost will be to you.. .
even if your "future" home prices don't continue to increase. .
These are the facts. .
If interest rates increase in the coming year by 1%, even without any home price increases. .
Your cost of carrying a $250,000 home will increase your monthly mortgage payment by about $150/month
Waiting till the Spring?
Then
You can either decide to pay $150 per month more. .
or
Reduce the cost of your new "future" home to $230,000
Your buying power is being reduced almost by the day!
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