The real estate market is constantly changing, so of course DO YOUR RESEARCH! DO NOT jump the gun on this one! Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.
WHAT MADE YOU CONSIDER OWNING A HOME?
Forget finances for a minute and focus on what made you consider even buying a home in the first place!
· Is your family expanding?
· Does your family feel safe?
· Is there a STELLAR school system in the area so your children can get the education they deserve?
· How about that unbearable landlord?
WHICH WAY IS THE REAL ESTATE MARKET GOING?
DON’T SLEEP ON YOUR DECISION TOO LONG! Home prices are on the rise! Not only are they on their way back up, but these increases are happening monthly.
Don’t believe us? According toExisting Homes Sales Report from theNational Association of Realtors (NAR), the average price of homes in May 2017 went up 5.8% from last year.
If you wait until next year to buy, you might be scrapping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home.
WHAT IS THE MORTGAGE FORECAST?
The initial process of purchasing your home may seem easy and quick, but THERE IS MORE TOO IT! The ‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time! Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will DEFINITLEY increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner.
If you and your family feel it is the right time to buy a home then GO FOR IT! Consider these points when making the final decision.
Don’t forget, this move is FOR YOU!
Author:Sandra Tawney Phone: 480-375-0016 Dated: September 6th 2017 Views: 344 About Sandra: ...
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As a Certified Scottsdale Real Estate Specialist who has been a 30 year resident of Scottsdale and North Phoenix, I provide personal service to individuals who are interested in buying or selling homes Scottsdalem North East Phoenix, and surrounding communities.
I have been a Realtor for 10 years with a history of direct involvement in the local real estate industry for over 30 years as well. Prior to entering real estate sales full time, I was co owner of a local Mortgage company for 10 years. Before that I handled real estate construction financing for several Arizona banks. .
Making the best decisions on a real estate purchase or sale requires a team effort. My role is to be my clients’ coach through the process. Directing them to the options that will provide the best path to meet their goals. I helped my clients complete over $4.5 Million Dollars in real estate transactions in 2013. About 40% of these were home Sellers and the rest were purchasing homes. I look forward to hearing your goals and helping you to achieving them.