4 Great Reasons to Buy a Home This Fall

Reblogger Debe Maxwell, CRS
Real Estate Agent with www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

Jerry Newman gives us the perfect reasons to buy NOW - and this holds true in Charlotte, North Carolina as well!  To his point about mortgage payments being less than monthly rental rates - a recent study conducted here showed that our rental rates were 53% MORE than monthly mortgage payments.  That is a considerable difference, making a home purchase the smartest financial move you can make.

 

With both interest rates and sales prices on the rise, you really can't afford to keep paying someone else's mortgage for them instead of making your own!

 

Thinking of buying in the Charlotte Metro region but, don't know if the time is right, give me a call at (704) 491-3310.  We're happy to assist you with your decision and introduce you to our preferred lenders to more closely evaluate your financial status and advise you as to your best 'move!' 

 

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Charlotte NC Real Estate Agents 

Debe Maxwell, Realtor®/Broker/CRS
CharlotteBroker@icloud.com

Direct:  (704) 491-3310

Original content by Jerry Newman TREC #0492321

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 5.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.3% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.5% a year for the next 5 years. 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 IncreaseFall Season

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by 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

As a paper from the Joint Center for Housing Studies at Harvard University explains: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

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 whether 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.

So, why not call today at 210-789-4216, and take a look at all the Homes For Sale in and around San Antonio AreaSan Antonio is still considered one of the top cities to live based on affordability, job opportunities, economics, and a variety of life styles.

 

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Direct 210-789-4216

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Topic:
Home Buying
Location:
North Carolina Mecklenburg County Charlotte
Groups:
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Market Updates
Charlotte North Carolina Area
Around The Water Cooler
Buyer Information - What Buyers Need to Know in Today's Market
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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Debe Maxwell These are excellent reasons to buy a home this Fall.

Nov 17, 2016 08:49 AM #1
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Debe. I would encourage all renters and other potential buyers to contact you for assistance in purchasing a home before prices and interest rates go up in North Carolina.

Nov 17, 2016 08:59 AM #2
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Of course - I rarely re-blog but, this one was perfect timing, Jerry Newman!  Thanks for the post!

Nov 17, 2016 09:10 AM #3
Rainmaker
3,229,181
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Debe

This is a great time to buy a home.

Good luck and success.

Lou Ludwig

Nov 17, 2016 09:13 AM #4
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

The positives of home ownership greatly outnumber any advantages for renters.  Stability as ell as a commitment to the community.

Nov 17, 2016 10:03 AM #5
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Debe - you and Jerry are right.  Now is the time to buy and there is a cost to waiting. 

Nov 17, 2016 10:34 PM #6
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Lou Ludwig - Thank you for stopping by!  Yes, I agree, it's a great time to buy!

Nov 21, 2016 01:21 PM #7
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Ed Silva  - you go it!  I have heard several people say that after the recession, they are just going to rent!  I always ask, "So, you're paying off someone else's mortgage instead of one of your own?"  That question always brings pause!!

Nov 21, 2016 01:23 PM #8
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Grant Schneider - Especially with the knowledge that we are CERTAIN interest rates are going to go up! 

Nov 21, 2016 01:24 PM #9
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