Rent vs Buy - Waiting Until Next Year Will Cost You Even More

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Prospective buyers should read this post:

 

Original content by Debe Maxwell, CRS 228209

Rent vs Buy - Waiting Until Next Year Will Cost You Even More

 

Charlotte home prices have increased by 7.1% year-over-year. Over that same time period, interest rates have remained historically low, which has allowed many buyers to enter the market. Interest rates are beginning to increase ever-so slightly though.

 

 

What Does This Mean as a Charlotte Home Seller?

As a seller, you will likely be most concerned about ‘short-term price’ – where are home values headed in the course of the next six months? Will your buyer pool be reduced with an increase in interest rates? 

 

What Does This Mean as a Buyer in Charlotte?

Conversely, as a buyer, you must not be concerned about price but, rather, 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.  As well, CoreLogic’s most recent Home Price Index Reporthome prices will appreciate by 5.2% over the next year.

 

With home prices appreciating 5.2% over the next year, here is a sample of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today: 

Buy vs. rent in Charlotte NC

 

Making the right decision with regards to timing is not always easy but, following the trends in our local markets, you'll find that the numbers speak for themselves. If you're thinking of buying a home in Charlotte, let's talk!

 


 

BUYERS

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in the Charlotte Metro region. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the Charlotte area with you...and give you the grand tour too! 

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

 

SELLERS  

If you're thinking of selling your Charlotte area home, let's talk! As with everything in life, preparation is key and I will equip you with what you'll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310   

 

*References from any of our sellers are available upon request.  Read our reviews www.CharlotteRealEstateAgentReviews.com

 

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com |Rent vs Buy - Waiting Until Next Year Will Cost You Even More

 

     

Charlotte Real Estate Team - The Maxwell House Group

 

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Charlotte NC Real Estate Agents 

 

Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

CharlotteBroker@icloud.com

Direct:  (704) 491-3310

 

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Rainmaker
272,824
Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Expert

Morning Gabe, thanks for re-blogging this post from Debe which I missed the first go round. Have a great day!

May 23, 2018 04:22 AM #1
Rainmaker
4,000,028
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I missed reading the original one 

May 23, 2018 05:09 AM #2
Rainmaker
4,605,065
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much, Gabe, for sharing this excellent reblog selection.

May 23, 2018 05:48 AM #3
Rainmaker
2,392,590
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Gabe... when people ask me where I think the market is going... the one thing I tell them I'm sure about is that home prices will continue to increase, as will interest rates.

May 23, 2018 06:14 AM #4
Ambassador
3,666,038
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It will cost a lot to wait but some renters, should be buyers, just don't seem to care.

May 23, 2018 07:34 PM #5
Rainmaker
1,485,709
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

This is a great choice for a re-blog, I missed the original post but will comment on it too.

May 23, 2018 08:06 PM #6
Rainmaker
2,760,739
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

True enough....can you save money as quickly as prices and interest rates escalate ?

May 24, 2018 05:32 AM #7
Ambassador
2,530,221
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Well, thank you so much for the re-blog, Gabe! I'm honored! 

This applies to nearly every market as I'm sure it does to yours also.

Happy Thursday!

May 24, 2018 01:28 PM #8
Rainmaker
4,252,332
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to comment my re-blog.

Jun 07, 2018 06:25 AM #9
Rainmaker
4,252,332
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments. It’s always good to hear from you.

Jun 07, 2018 06:26 AM #10
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Rainmaker
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Gabe Sanders

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