Now is the time to buy your dream home. Stop waiting! A lost opportunity may cost you! Why buy now? Well, I will give you three good reasons.
1. Mortgage rates are increasing. The rate for a FHA, 30 year fixed is currently at 4.75. Just a couple of months ago, that particular rate was at 3.5. The longer you wait and delay your home purchase, will only cause you to pay more in the end.
2. It's a seller's market. This means that inventory is very low in Philadelphia and surrounding suburbs. As a result, your dream home may go to someone else who offer's a higher price or who views the property first and puts in a winning offer within hours of the home going on the market.
3. It's winter. There are some good deals still available, especially if seller's must sell before the year end. Also, winter is a great time to buy, in order to enjoy the tax benefits in the new year.
Deborah Spence
Weichert Realtors
dspence@weichert.com
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