Learn about appreciation, interest rates, and other reasons not to wait.
What’s stopping you from buying a home now? Maybe you are considering a home purchase but feel a little uneasy about how things are going at the moment. I understand that this is a huge decision, but there are a few things that I want you to consider.
1. Home values always rise over time. While home values can fluctuate, they tend to rise over time, typically at a rate of about 4%. We don’t see any major threats to the potential appreciation of home values on the horizon.
“Buying now allows you to profit on any market gains in the coming months.”
2. Interest rates. Current rates are staying fairly flat, with a possible rate drop this year. While this may not directly increase home values, it will likely attract more buyers to the market, increasing competition. So, if you’re thinking about buying now rather than six to twelve months later, be aware that you may face more competition for the same home.
3. Appreciation. If you wait to buy, you will miss out on potential appreciation. Buying now allows you to profit on any market gains in the coming months. Do not let fear or uncertainty hold you back. Your ideal home may not be available later.
If you’re still deciding whether to buy a home, we are open to discussing your situation, exploring different scenarios, and using our calculator to show you the value of homeownership versus the cost of waiting. Reach out to me at (928) 710-7007 or travis@legacyren.com. I’ll help you make informed decisions and help you find and buy your perfect home.
