4 Reasons To Move Up To Your Dream Home This Spring
4 Reasons To Move Up To Your Dream Home This Spring
Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider listing your current home and moving up to your dream home now, instead of waiting.
1. Buyer Demand is High & Inventory is Low
Recent numbers show that buyer demand is at the highest peak experienced in years, and inventory for sale is at a 4.5-month supply, which is still markedly lower than the 6 months needed for a historically normal market. Demand in many markets is far exceeding the supply, and more properties in March sold in less than 30 days (42%) than in any month since last July. Listing your home today can greatly increase exposure to buyers who are out in force and ready to act.
2. Prices Will Continue to Rise
CoreLogic recently released their latest Home Price Index in which they predict that national home values will appreciate by 5.3% by this time next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting for your current home's value to increase before selling could price you out of your new home if you aren't careful.
3. Mortgage Interest Rates Are Still Near Record Lows
Interest rates have remained below 4% for some time now and are substantially lower than the rate previous generations paid when getting a mortgage. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will rise over the next 12 months. An increase in rates will impact YOUR monthly mortgage payment. Even an increase of half a percentage point can put a dent in your family's net worth. Whether you are moving up or buying your first home, your housing expense will be more a year from now if a mortgage is necessary to purchase your home.
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? Look at the actual reason you are buying and decide whether it is worth waiting. Have you always wanted to live in a certain neighborhood? Would a climate change be just what the doctor ordered? Would you like to be closer to your family?
If the right thing for you and your family is to move up to the home of your dreams this year, buying sooner rather than later could lead to substantial savings.
Author:Deborah Boyd Phone: 940-368-1306 Dated: May 9th 2016 Views: 821 About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
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"Somehow my wife came across Gary's name in the process of searching for homes to buy. Prior to that, we had had no experience with him or Keller-Williams. Here's how the process went for us:
Over the course of two weekends, Gary showed us no less than 20 homes. He helped us narrow-down the list, suggested more homes for viewing, and discussed the pros and cons of each home we saw. His advice was honest, forthcoming, and impartial. When he thought a home wasn't right, he said so. When he thought a home was a good deal, he said so, too. But he didn't merely give his opinion, he backed it up with facts and figures.
Once we started making offers, Gary provided invaluable advice on the legal and financial processes, and actually fought for us and our interests during the whole process.
Simply stated, I've never seen a real estate agent as good as Gary. It's not just his knowledge and responsiveness, but also his willingness to protect his clients and fight for their interests, and of course his friendliness. When you do business with Gary, you're getting a lot more than "just" a real estate agent. I cannot recommend him highly enough. "