If you have been considering purchasing a home, you may be curious to know if this is the right time in the market to make your move. The market is fast changing, with new laws coming into play, interest rates are constantly rising, and a whole slew of things buyers have to face when it comes time to picking the right house. What does that mean for you? Well, that there isn't a better time to buy than now. Let's break down the benefits of purchasing a home now, instead of waiting.
1. INTEREST RATES ARE SOARING
If you haven't been keeping up with the real estate market, you might be missing out on the data around interest rates. They are going up, and they are going up fast. 5% may not seem like a lot, but can be the difference between hundreds, or even thousands, of dollars on what you are paying out towards your loan on a monthly basis. Would you want to pay an extra $200 towards interest for your loan each month, or would you prefer to pocket that $200? Well we know the answer to that.
Buying a home now while interest rates are at a low is going to be an advantage, both now, and long term. Take advantage of today's rates and purchase a home that doesn't cost you extra just because of interests.
2. HOME PRICES ARE INCREASING
Have you been hearing about folks complaining in your market about the price of homes going up? Well those prices are going to continue climbing. A home that is $200,000 now, could go up to $400,000 in 10 years because of market conditions. We also are aware that wages are not increasing as steadily as the cost of living. Purchasing a home in today's market can get you a bigger and better deal on a house than if you were to wait a few years. Especially in hot city markets, where prices are virtually guaranteed to sky rocket, making a move now can save you hundreds of thousands.
3. COMPETITION IS GETTING BIGGER
Population growth is a real thing, and with more people, comes more competition for homes. Homes are selling faster, which means a high demand increases home prices. Buying your home now, while the competition isn't as strong as it could be 5 years from now, helps you get a better deal on the home you want now then if you were to wait it out.
So, in conclusion, the ball is in your court in today's market. There isn't ever a better time to purchase then now. Avoid the competition and the increase in fees and prices, and take advantage of a market that is still in the buyer's favor.
Author:Lauren Rockwell Phone: 214-717-1636 Dated: January 20th 2018 Views: 101 About Lauren: Hi, I am Lauren and I am a real estate agent with Rogers Healy and Associates. I grew up in the DFW ...
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Rogers Healy, a native Texan, has lived in Dallas for the majority of his life. Before moving to Dallas, Rogers lived in Corpus Christi and San Antonio. Rogers and his family moved from South Texas to Dallas, in the early 1990’s, so he and his sister could attend the Highland Park schools. Rogers instantly fell in love with everything Dallas had to offer, especially the beauty and uniqueness of the homes and neighborhoods.
Rogers’ real estate career started in college. More than half of SMU’s students are from out of state, so the students constantly found themselves looking for someone to help them find a place to live.
“It is always rewarding helping friends find new places to live. I love being an ambassador for Dallas, it is a personal thrill for me. It was a natural fit to enter the world of real estate. I haven’t looked back since.”
For several years, Rogers had the good fortune of being associated with some of the nation's most respected real estate professionals. When the time was right, he started pursuing his dream of owning his own real estate business.
Rogers Healy and Associates Residential Real Estate was formed in 2007. The business has been built by taking a non traditional approach, to a traditional business.
“Being able to mentor and manage, based on what I truly love about real estate has been the biggest thrill of being a business owner. Our success as a company has been attributed to working among people I have the utmost respect and admiration for.”
In 2009, Rogers was named one of the Top 30 Realtors under the age of 30 in the country by Realtor magazine. In the same year, he was invited to be a part of the National Association of Realtor's YPN Advisory Board. in 2009, Rogers was named a finalist for NAR's "Pioneer Award. In 2010, the Dallas Business Journal named RHA one of the "Best Places to Work." In 2011, the Dallas Business Journal named Rogers Healy one the "Top 40 under 40," recognizing DFW's up and coming business leaders. In 2011, the Dallas Morning News named RHA the NUMBER ONE small business to work for and named Rogers the business "Executioner of the year." In 2012, Rogers was named to the Collin County Business Press' "Top 40 under 40.".
“Whether you’re looking to rent your first apartment, sell your luxury estate, or you’re looking for a property manager, we can take care of you. The fact that we’re working for our family and friends, makes it that much sweeter.”