4 Reasons to Buy New This Spring
If you are debating whether to move up to your dream home or to wait, then these 4 reasons could be worth your consideration!
1.) Buyer demand is high and inventory is low. Recent numbers show that buyer demand is at its highest peak in years. Lucky for you we have 11 Inventory Homes between our 5 communities, 6 of these homes are move-in ready today!
2.) Prices will continue to rise. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting for your current home’s value to increase before selling could price you out of your new home if you aren’t careful.
3.) Mortgage Interest Rates are still near record lows. Interest rates have remained below 4% for some time now, and an increase in rates will impact your mortgage payment. Whether you are moving up or buying your first home, your housing expense will be more a year from now if a mortgage is necessary to purchase your home.
4.) It is time to move on with your life! The cost of a home is determined by 2 components: the price of the home and the current mortgage rate, and it appears that both of these factors are on the rise. Look at the actual reason you are wanting a new home, you need more space, you would like a larger kitchen, or you need to downsize. Is it really worth waiting any longer? Buying sooner rather than later could lead to substantial savings.