Five Reasons to Buy a Home Now

By
Real Estate Agent with Century 21 Ocean
https://activerain.com/droplet/4HNH

5 Reasons to Buy a Home Now

 
Katherine Barclay Century 21 Broughton team Quincy Illinois historic homes buy a home buy a house investment properties commercial properties home sellers home buyers reasons to buy a home buy now real estate agent realtor home for sale homes for sale
 

 

 

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

Katherine Barclay Century 21 Broughton team Quincy Illinois historic homes buy a home buy a house investment properties commercial properties home sellers home buyers reasons to buy a home buy now real estate agent realtor home for sale homes for sale

Price Increases Are on the Horizon

Prices will bounce along the bottom this winter. However, projections call for appreciation after that. Several studies and surveys call for price increases over the next few years starting in 2013. One such surveyshows that prices will increase over 10% by 2016.

Rents Are Skyrocketing

Rents historically increase by 3.2% on an annual basis. A study issued earlier this year projects rent increases of 4% for the next two years. Trulia recently reportedthat rents this year have actually shot up by 5.4%.

Interest Rates Are at Historic Lows

Federal Reserve Chairman Ben Bernanke has kept interest rates low in an effort to stimulate a lethargic economy. He understands that low rates will help housing and housing is a key to bringing back the economy. As the economy approves, the need to keep rates low will no longer exist. The 30-year-mortgage rate before the financial crisis was 6.57% (August 2007).

Katherine Barclay Century 21 Broughton team Quincy Illinois historic homes buy a home buy a house investment properties commercial properties home sellers home buyers reasons to buy a home buy now real estate agent realtor home for sale homes for sale

Buy Low, Sell High

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’. It’s time to buy. originally by The KCM Crew

 
Katherine Barclay Century 21 Broughton team Quincy Illinois historic homes buy a home buy a house investment properties commercial properties home sellers home buyers reasons to buy a home buy now real estate agent realtor home for sale homes for sale Katherine Barclay Century 21 Broughton team Quincy Illinois historic homes buy a home buy a house investment properties commercial properties home sellers home buyers reasons to buy a home buy now real estate agent realtor home for sale homes for sale
 
 
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Katherine Calfee
REALTOR®  Century 21 Ocean 
mobile: 321-361-7888
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Topic:
Home Buying
Location:
Illinois Adams County Quincy
Groups:
Single Parent Real Estate Agents
Illinois Real Estate
Tags:
realtor
home for sale
sell a home
real estate
century 21
quincy il real estate
century 21 broughton team
buy a home in quincy

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Rainer
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Dan Hopper
Keller Williams Realty Downtown LLC - Denver, CO
Denver Realtor / Author / Advocate/Short Sale

Way to go Katherine.... keep it simple and those are 5 good reasons.... homeownership is still #!.

Jan 03, 2013 01:33 AM #1
Rainmaker
37,461
Katherine Barclay
Century 21 Ocean - Melbourne, FL
That Realtor Gal

Thanks Dan! I agree and I think it is important to continue to remind consumers that even though the news can cast a dark cloud over the real estate industry it is still important to check with your local REALTOR® to see what the market is like in your area.

Jan 03, 2013 01:52 AM #2
Rainmaker
1,309,392
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Good points all, but I think that thinning inventory is the key to an uptick shift.

Jan 03, 2013 01:55 AM #3
Rainmaker
37,461
Katherine Barclay
Century 21 Ocean - Melbourne, FL
That Realtor Gal

Absolutely! Now to convince Sellers that it really is time to list!

Jan 03, 2013 01:58 AM #4
Rainmaker
1,477,796
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It is always a good time to buy. There are always reasons that can justify it. For example: now it is a good time! 

 Key economic indicators and changes to the mortgage process could make 2016 a promising year to become a homeowner. Firstly, rental rates are continuing to rise, and there are no signs that increases will stop in 2016. Secondly, interest rates are still historically very low. Thirdly, new mortgage terms make the process clearer for the purchaser, which could be of great benefit to first-time buyers.

Nov 16, 2015 11:30 AM #5
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Rainmaker
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Katherine Barclay

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