Benefits Of Buying A Home This Fall

Benefits Of Buying A Home This Fall

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.

  1. Rates will likely rise — and soon with 5% interest rates right around the corner.
  2. The Federal Reserve will stop “tapering” causing rates to return to historically normal levels (6-7%).
  3. Home values are rising
  4. 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”.
To view properties available in the DFW area, please visit my website at www.debbievrealestate.com


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Phone: 972-836-9295
Dated: October 22nd 2013
Views: 6,163
About Debbie: Debbie's knowledge of the Frisco and North Dallas area, homes and neighborhoods are just some of the...

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