Timing is your best ally when buying a home
Which brings us to the next question: when is the right time to buy a house? While nobody can clearly say when, we can consider several key factors that can make an incredible influence on our decisions.
Sales activity changes from season to season here in Vero Beach, FL, but not as much as people think. If you decide to wait until next year’s peak buying season to buy a 55 plus new home, that can change the seller’s attitude towards selling.
What can influence your decision in buying a home?
The difference between local and national market trends. You will see trends on the national level, they may not necessarily reflect what’s going on in your local area. Know more about your local market before deciding if you should buy now or next year. Your market research should only focus on local trends in order to distinguish the health of your local market.
Your budget. The ideal situation is to enter your retirement years without any monthly mortgage payments. But whether you’re a retiree, or empty nesters, you still need to consider the biggest pieces of the budget equation. This equates to the down payment, the monthly mortgage, and a good credit score.
Time of the year. You know what they say, buy during the peak seasons of spring and summer, when you have more options. However this also means more competition and possibly higher prices.
So why do you need to buy your 55 plus new home in Vero Beach, FL now?
Let’s check some of the benefits if you don’t procrastinate your time of buying.
Separate projections conducted by Bankrate, Freddie Mac and Carelogic show that:
The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
Freddie Mac predicts interest rates to rise to 4.4% by next year.
CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
There will always be something in a home that you’ll find unattractive so as long as you have set realistic expectations, go for it. Uncertainty makes the waiting seem a lot longer. Decide to find the right home for you, now.
If you’re currently renting, make sure to do a research on the cost of renting versus buying in your local area. In most cities, your monthly housing costs will go down if you buy a house rather than renting continuously.
The longer you procrastinate to start looking for a new home, the more likely you will face stiffer competition for fewer homes.
Your choice to buy your home this year is personal and critical at the same time. Consult with family, and friends who have also ventured into buying a property this year and have a trusted REALTORⓇ.
Are you now convinced that this could be the best tome to buy your home?
Vero Beach is a pristine town on the Treasure Coast of South Florida accentuated with amazing beaches and the ideal climate. We’re proud to have some of the most expensive and luxurious properties around. If you’re searching for a life of solitude then you’re reading the right page, it’s the perfect place for quiet living.
The diversity of the type of homes from single family to townhomes are spread all over this city. One of the most recent homes I sold was a lovely property close to the beach and town. A Peppertree Villa nestled under the oak canopies. It’s impressive also because of the high ceilings, as well as the floor-to-ceiling windows in the living room, dining room and master bedroom.
With 2 beds, 2 full baths, and an interior of 1,801 sq. ft., built in 1993, this home was sold for $305,000. Close to schools and a quick drive to several shopping centers, it’s in the perfect location!
You and I both know you are ready to move here!
I can bring you to properties similar to the one I described. We can customize and filter your search depending on your budget.
Many 55 plus buyers sometimes learn the hard way by trying to negotiate the price and lose out to other buyers with a stronger offer. If you’re ready and have a skilled REALTORⓇ like myself, we can easily overcome all the obstacles.
Call me at 772-532-3221. My name is Karen Mathers!
In case you cannot view this video here, please click the link below to view 6 Reasons to Buy a 55 Plus New Home in Vero Beach FL Now on my YouTube channel: https://www.youtube.com/watch?v=sJ5Vh2XmAtU&feature=youtu.be