Should I Buy Now or Wait?
If you are thinking about purchasing a new home or upgrading to the home of your dreams there are some good reasons to buy now. The number of homes available, affordability and lower interest rates make this a great time to invest in yourself with the purchase of a home.
10 Reasons Why NOW is a Great Time to Buy
1. Selection: There is more inventory of homes on the market now so there are MANY to choose from in every area and price range. In many areas of Austin, you used to have to JUMP on a listing and make an offer as soon as it hit the market. NOW, with more homes, this is not the case
2. Buyer’s Market: More homes on the market means the buyer is much more in control than in times of short supply. This means the buyers wishes are much more likely to be carried out.
3. Homes More Affordable: With so many home available for buyers to choose from, homes are more affordable than before.
4. Interest Rates for home loans are low: Currently at their lowest point in many years, getting locked in at record lows shaves hundreds off your mortgage payment.
5. Tax Savings: Save more money by buying rather than renting. A buyer can deduct mortgage interest, real estate taxes, and sometimes mortgage insurance. Renters, this means you can make a higher mortgage payment than you would for rent because of the allowable deductions.
6. Appreciation: With current stock market issues, real estate is looking better than ever, especially in the stable appreciating markets like the Austin Area.
7. Equity Build Up: Home buyers have a built-in savings plan in their loan. Little by little, and increasingly as the years go on, equity, or savings grow in your home.
8. Rent Amounts are Rising: The rent landlords charges rises. With a fixed rate mortgage, your principal payment remains the same .
9. Most Homes Now MOVE-IN Ready: With it being a buyer’s market, sellers are more motivated to complete all repairs, professionally clean the home and have it move-in ready.
10. Incentives: Sellers and Builder sellers are more willing to negotiate deeper into their pockets. Refrigerators, landscaping, closing costs and other items may be paid by seller now.
I would be happy to answer any questions you might have. Feel free to contact me Janie Miller -512-538-5282 or send an email.
