What If I Wait Until Next Year to Buy a Home In Ventura County?

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Real Estate Agent with Allison James Elite CA. BRE 01501699

1217 Nautical Way, Oxnard, CA 93030 is for LEASE!!

Zillow:  https://www.zillow.com/homedetails/1217-Nautical-Way-Oxnard-CA-93030/16392371_zpid/?view=public

YouTube:  https://youtu.be/iQIlIAbk33A

Trulia: https://www.trulia.com/p/ca/oxnard/1217-nautical-way-oxnard-ca-93030--2081709398

HotPads: https://hotpads.com/1217-nautical-way-oxnard-ca-93030-1m6bmvz/pad?border=false&lat=34.1937&lon=-119.1927&z=16

What If I Wait Until Next Year to Buy a Home? | MyKCM

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Reporthome prices will appreciate by 5.2% over the next 12 months.

What Does This Mean as a Buyer?

If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

What If I Wait Until Next Year to Buy a Home? | MyKCM

Bottom Line

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.

About Me

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Chris B. Johnson is a REALTOR® who Specializes in Short Sale and REO Transactions. Chris has been Certified as a California Association of Realtors HAFA Specialist, a National Association of Realtors Short Sale and Foreclosure Resource, Chris B Johnson Realtor is a Certified Distressed Property Expert, Certified Short Sale Negotiator, Certified Default Advocate and Certified Pre-Foreclosure Specialist. With a full time staff dedicated to short sale negotiations and transactions, we have been successful with (almost) every short sale to date.  LinkedIn Pro    UpNest    What's Your Home Worth?

 

 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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California Ventura County
Tags:
ventura county real estate
oxnard real estate
homes for sale in oxnard
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Rainmaker
3,975,651
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

If you wait there is no sor sure thing that the home values would have went up or down

May 07, 2018 07:59 PM #1
Rainmaker
508,752
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

True William Feela , but all indicators are pointing UP!

May 07, 2018 09:24 PM #2
Rainmaker
508,752
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity
Rainmaker
508,752
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

Homes For Sale In Oxnard, 2021 E Bard RD Oxnard CA 93033 IS Remodeled Refreshed & Ready for move in 😊

YouTube:  https://youtu.be/etWEBTGEgpE

MLS Link: https://www.flexmls.com/share/1OIHk/2021EBardRDOxnardCA93033

Web Address: http://2021bard.ihousenet.com/

ActiveRain: http://activerain.com/droplet/5bHK

May 16, 2018 05:33 PM #4
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Rainmaker
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Chris B Johnson REALTOR®

5 Star Rated REALTOR® Quality, Not Quantity
Is it Too Late to Short Sell My Home??
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