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Victoria Cottle

Why You Need to Buy Now and Not Wait

Why You Need to Buy Now and Not Wait
Reasons why you need to buy now instead of waiting for a
better opportunity because there may not be a better opportunity in the future.
Prices are
continuing to rise
. CoreLogic is reporting in their Home Price Index
that home prices have appreciated 6.7 percent over the last 12 months. This
same report is predicting that home prices will continue to rise 5.0 percent
over the next year. The bottom of the market for home prices has passed so
waiting on prices to drop doesn’t make any sense anymore.
rates for mortgages are expected to rise
. Freddie Mac puts
out the Primary Mortgage Market Survey which shows that 30-year mortgage rates
have hovered around 4 percent. But as I put in past blogs, experts are
predicting and expecting that these rates will rise over the next 12 months.
Other agencies which include Fannie Mae, Mortgage Bankers Association and the
National Association of Realtors are all in agreement that rates will continue
to rise over this next year. Increases in mortgage rates will raise your
monthly mortgage payments. A one percent raise could equal thousands of
You are
paying someone’s mortgage
. Unless you are living in someone else’s
home rent free, you are paying someone’s mortgage payment and then some. Do you
really want to keep making your landlord rich? As a homeowner, you would be
paying into your own capital asset and enjoy a forced savings that can be
recovered if you have to sell.
Bite the
It might be time to put on big person’s pants and just
take the plunge. Other people are buying homes with credit scores less than
perfect and with down payments less than 10 percent. It can be done. It might
take a bit of work on your end by consulting various lenders, paying off some
open bills and not making any major purchases.
Buying now rather than waiting will save you
money. Period. Contact me today and let’s get looking.
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And remember if you, a friend or family member
need assistance with selling or buying a home
I can help
. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

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The Victoria Cottle Group
Keller Williams Greenville Upstate
(864) 275-3953