Last week, Forbes published an article titled "Buy a home Now or Pay More Later" I thought I would share their insight to potential buyers considering buying now or waiting until later. If you have any questions, please let me know. I am here to help you with any of your real estate questions.
With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon. The danger for potential home buyers isn’t that mortgage rates are nearing 5.00%; the real threat is that rates could go higher, to 5.50% or even 6.00% in 2014.”The article spells out the financials consequences a buyer would face by waiting. ($67,746 on a $300,000 mortgage). They gone on to identify four things a buyer should take into consideration before delaying a decision to purchase.
Rates will likely rise — and soon with 5% interest rates right around the corner.
The Federal Reserve will stop “tapering” causing rates to return to historically normal levels (6-7%).
Home values are rising
The autumn buying season is underrated “as you can take advantage of year-end tax breaks and the fall weather makes it an ideal time to move”.
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In the Terminator movies, a robot from the future (Arnold Schwarzeneg
"Angela was always here to help, she answered every question we had along the way, while making it easy to buy our home. With so many agents to pick from we certainly picked the right one! I highly recommend her to anyone looking to sell their home-"