Buy a Home Now or Later in Tooele UT
The question is. should you buy a home now or later in Tooele UT?
You know you believe in home ownership. You understand that owning your own house the easiest and best way to build wealth, and you certainly understand all of the social benefits to your family that is part of having your own real estate.
In fact you grew up with the old adage, “be it ever so humble, there’s no place like home”.
There are still some of you in Tooele, or 30 miles down the road along the Wasatch Front that are still wondering if now is the time to move forward or perhaps waiting would be more prudent.
Well… let me tell you one more time. Don’t wait another minute.
Now is the best time to start shopping for that new Tooele house.
- Interest rates that have been great for a long time will almost certainly increase this year in Tooele County.
- Tooele home prices are already increasing and in many areas have reached pre-recession levels.
- This combination will alter how much house you can afford, as well as the area, neighborhood in which you can choose to live.
This graphic compiled from my friends at Keeping Current Matters shows what a difference waiting to buy can make, and what you could be doing with the money you save by acting now.
Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.6% by next year. CoreLogic predicts home prices to appreciate by 5.3% over … Read More
There you have it. Some very good reasons not to wait until we see that almost certain mortgage rate increases. Plus some ideas about what the savings you can enjoy can mean in the everyday life for your family.
Think about it. Then Call me. 435-840-5029.
My name is Berna Sloan, and helping my friends and neighbors buy and sell property in Tooele County.I know this business, and I know my territory. You can check out what I’ve done on the personal page of my website tooelehomesforsale.com. Look me up, then call me up and talk about if you should buy a home now or later in Tooele UT.