It is a bit difficult to consider buying real estate due to the negative press on the real estate market. When you review the facts, it is really a very good time to purchase a property. Here are advantages of buying Southern NH properties this year. See in particular the links at http://www.thepopesaysrealty.com/nh-links/ if you are interested in finding out about the advantages of buying in the Monadnock region of New Hampshire which includes such towns as Peterborough, Francestown, Hancock, Antrim, Greenfield, Bennington, Dublin, Sharon, Temple and Antrim.
Advantages Of Buying Southern NH Properties This Year
Reduced Interest Rates
Interest rates are extremely low. Many buyers obtained fixed rates under four percent in the last few months. Mortgage rates have a big impact on recurring loan payments. By securing a low rate, home owners spend less money on a home or afford to buy a higher prices home. Rates may not remain low for very long, so buyers should act quickly to ensure a low rate.
Property Prices
The downturn in the real estate market means that listing prices are lower than they were at the peak of the market. Similar to stocks, it is more beneficial to buy at a low price than a high one. Real estate generally appreciates over time. By buying low, there is much more room for an increase in value.
The Potential to Upgrade to a More Expensive Home
When real estate prices fall, it is really a great time to move up to a higher priced property. Buyers may lose money in selling a current property, but the savings on the new home should outweigh that loss. Many buyers are finding that the declined prices offer a rare chance to purchase a home of their dreams.
Renting Comparison
The cost of rent remain high while housing prices have dropped, leading to less of a gap between renting and buying. Home ownership has the additional advantage of tax deductions for loan interest, municipal taxes, etc. When you include the ability to build equity over time, home buying includes both savings and long term growth potential.
Home Purchase Help for the Southern NH Area
There are many advantages of buying Southern NH properties this year. If you are ready to benefit from home prices, low mortgage rates, and the other benefits of a home purchase, your first step should be to get in touch with a mortgage professional and real estate buyer broker. Contact Buddy Pope at Bean Group ( 603-562-5186 , buddy@popesays.com) for additional information on the real estate market and assistance with your property search needs.
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