Ignore ‘The Bubble’ Talk – 3 Reasons Why Summer 2015 is an Excellent Time to Buy Real Estate
It is common for those who are interested in buying real estate in the near future to tune into news stories about the real estate market. Many may have heard that there is speculation about a real estate bubble that may pop soon. While this gloomy outlook on the real estate market can strike fear in some hearts, and may deter a purchase until a later date, the fact is that summer 2015 is an excellent time to purchase property. In fact, there are three good reasons why potential Buyers may want to start moving forward with their home buying plans soon.
Low Interest Rates
Most who have plans to purchase real estate will need to apply for a mortgage loan to complete their transaction, and today’s low interest rates are highly competitive. Today’s low interest rates make the cost of borrowing money to purchase real estate lower, and this means that the mortgage payment that may be locked in may be lower. There is some speculation that interest rates will rise in the coming months, and this means that now may be a great time to take advantage of lower interest rates.
Great Deals Available
More than that, there are some great real estate deals available for Buyers to take advantage of today. Real estate values in many areas have rebounded in recent years, but some areas are still off historic highs. In addition, there may be foreclosures, short sales and other types of transactions that can result in buyers saving money on their property purchase.
The Benefits of Home Ownership
Another benefit associated with making a purchase now is that Buyers can start enjoying the financial benefits of home ownership sooner. These benefits include the ability to build equity through debt reduction and value appreciation as well as tax benefits associated with owning property. These are benefits that can have a true impact on a person’s financial situation, and it may be financially advantageous to have access to these benefits sooner rather than later.
There will always be speculation about what the real estate market may do in the coming weeks, months and years, but it is impossible to determine how the market may act. With this in mind, it may be best for Buyers to take advantage of currently great market conditions rather than attempt to time the market in the future.
Buyers can get more information about market conditions and the local DFW real estate market by speaking with a Trusted Advisor | REALTOR® from Martin Real Estate Advisors.
Call or text today (469) 262-5411, or visit www.martinrealestateadvisors.com, and find out what to expect during a home buying experience from a Martin Real Estate Advisors’ Trusted Advisor | REALTOR®.
Author:Annette Bruen Phone: 972-977-3221 Dated: August 8th 2015 Views: 2,264 About Annette: Before making the move to help families realize their real estate dreams, Annette made her professio...
Recently there has been a lot of talk about home prices and if they ar
"When my Wife and I bought our House the market was crazy. Inventory was very limited and quick action was necessary. During this tough time we needed a smart, tenacious, agent. We found these qualities in Kellye Demski. Kellye always brought us the latest listings and gave us sound advice on when to make an offer. Kellye showed great patience with us as we looked at House after House. We are very happy with our
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