Sumner, Robertson County TN Real Estate

Residential Properties

5 Reasons to Buy a Home Now Instead of Spring

 

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a Happy-Family-Soldhome than right now. Here are five reasons purchasers should consider buying before the spring market arrives:

 

Supply Is Shrinking

 

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

 

Price Increases Are on the Horizon

 

Prices are projected to appreciate by over 25% from now to 2018. First home buyers will probably pay more both in price and interest rate if they wait until the spring. Even if you are a move-up buyer, it will wind-up costing you more in net dollars as the home you will buy will appreciate at approximately the same rate as the house you are in now.

 

Owning a Home Helps Create Family Wealth

 

Whether you are rent or you own the home you are living in, you are paying a mortgage. Either you are paying your mortgage or your landlord’s. The Fed, in a recent study, revealed that the net worth of the average homeowner is 30 times greater than that of a renter.

 

Interest Rates Are Projected to Rise

 

The Mortgage Bankers Association, the National Association of RealtorsFreddie Macand Fannie Mae have all projected that the 30-year mortgage interest rate will be over 5% by the this time next year. That is an increase of almost one full point over current rates.

 

Buy Low, Sell High

 

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’ compared to where it will be next year. It’s time to buy.

 

*Information obtained from Keeping Current Matters blog dtd 2/4/14

Looking to purchase in Hendersonville TN?  Start your home search today!

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EXiT Real Estate Solutions/103 Hazel Path Ct, Suite 2/Hendersonville, TN 37075
(615)826-0001
 
 
 
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Tina Redding-Realtor (615) 268-5985
 
Buying or selling a home is one of those major occurrences in life that can be a very trying experience if you don’t have the right partner to help you through the process.  This is where I can help. I strive to put my clients first with service as a mainstay in a very competitive market.  Start your home search today in Hendersonville, TN.
  
Each office independently owned & operated.
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EXIT Real Estate Solutions/Tina Redding, Affiliate Broker/Mobile (615)268-5985/Office (615)826-0001/Each Office Independently Owned & Operated
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