Only 4???

By
Real Estate Agent with Keller Williams Realty - Topsfield, MA 92593-B

Good Morning, Afternoon, or Evening... That should cover it...lol. I came across this article from the folks at KCM and decided to look at it because I could probably cite 40 reasons for buying a home this Spring. The 4 they mention are prime reasons to buy and those 4 ways can be inclusive of many more. When Pam & I were buyers we had been looking for some time AND interest rates were rising every week. We were hot to trot, had looked at many properties, got beat out of 3. We knew owning was way better than renting, for us. That was our reason. We bought our home @13% interest. We determined the property was under $30K undervalued. We jumped and submitted a full price offer w/20% down. The rest is history.

What are/were your reasons for buying.

 

4 Reasons To Buy A Home In The Spring

4 Reasons to Buy a Home in the Spring

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage –

 either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

 

4. It’s Time to Move On with Your Life

The cost of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Massachusetts
Groups:
FOR SALE BY OWNER - MARKETING(FSBO)
Boston Real Estate
New Hampshire - Real Estate and Life in The Granite State!
MA REALTORS
Boston Area Real Estate
Tags:
buying
renting
reasons
interest
owning
real estate
mortgage

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,200,449
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Doug, Great suggestion of why to buy NOW.  Some people are on the fence, I hope this blog gets them off.

 

Mar 11, 2019 10:02 AM #1
Rainmaker
775,735
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I hope more sellers enter the market and buyers will follow  Will Hamm 

Mar 11, 2019 11:18 AM #2
Rainmaker
1,548,055
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Doug Dawes Unfortunately for us here in San Diego, the home prices have risen exponentially and buyer income has not kept pace, so many fewer qualified buyers each day and all another reason why so many are willing to exit California.

Mar 11, 2019 04:08 PM #3
Rainmaker
775,735
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Sandy Padula and Norm Padula, JD, GRI 

This is always a problem with inflated values. 

Mar 15, 2019 11:15 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
775,735

Doug Dawes

Your Personal Realtor®
Are You Looking?
*
*
*
*
Spam prevention

Additional Information