3 Questions To Ask Yourself When Thinking Of Buying A New Home

3 Questions To Ask Yourself When Thinking Of Buying A New Home



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1. Why am I buying a home in the first place?


  • The four major reasons people buy a home have nothing to do with money:

  • A good place to raise children and for them to get a good education.

  • A place where you and your family feel safe.

  • More space for you and your family.

  • Control of that space.




2. Where are home values headed?


Here is what experts are projecting house prices will go:


  • Home values will appreciate by 4.1% in 2015.

  • The cumulative appreciation will be 18.1% by 2019.

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If the experts are right and you were to purchase a home in the first quarter of 2016 for $250,000, that home would appreciate by over $34,000 

over the next four years!



3. Where are mortgage interest rates headed?


A buyer must be concerned about more than just prices. The ‘long term cost’ of a home can be dramatically impacted by an increase in mortgage rates.


The Mortgage Bankers Association (MBA), the National Association of Realtors and Freddie Mac have all projected that mortgage interest rates will increase by approximately one full percentage over the next twelve months.


Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.


For more information on buying a new home please contact me. I can be reached via phone or txt at 469-556-2393.


Nick Walton Headshot
Author:
Phone: 469-556-2393
Dated: March 24th 2016
Views: 2,720
About Nick: I’m a Real Estate Professional by day, aspiring Tennis Pro by night. I am originally from Londo...

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