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:Amy Fraley Phone: 540-538-2603 Dated: April 15th 2018 Views: 67 About Amy: ...
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The Kaplan Team began their Real Estate careers as investors buying and developing properties in Arizona, California, Indiana and Canada. Their passion for Real Estate and their personal experiences in buying and selling multiple properties created a natural segue into helping others reach their own Real Estate goals and thus The Kaplan Team was born. They quickly rose to the top of their profession, achieving Top Producer awards.
Alan is a skilled negotiator and holds the designation of Master Certified Negotiation Expert. He is great with numbers, electronics and anything that needs fixed. His prior experience in Financial Planning and in sales and training with Sony Corporation provided a solid foundation for his work as a Realtor.
He is dedicated to providing his clients with the facts, figures and details they need to make informed decisions that serve their best interests.
When he is not helping clients buy and sell or flipping a property himself, you will find him volunteering at his Church or Rotary Club, having pizza at Gino’s or coffee at Beach Dreams Market or working off the pizza and bagels at Edison’s Fitness in N Myrtle Beach. He is also an avid animal lover and life-long NY Yankees fan.
Janet is the “people person”. As a young “jock” she was a National Gymnastics champion, then coach. She spent 25 years honing her sales, management and event planning skills in the travel industry with Air New Zealand and Qantas Airways. During the Kaplan’s Real Estate investing years she studied Interior Design and started a travel industry representation business.
She has personally moved a lot! Across the Canada/USA border 3 times and from the West Coast to the East Coast of the USA. As a result, she has a great deal of personal empathy (and valuable advice) for clients making, not just major moves, but major decisions in their lives.
Professionally, she holds a Seniors Real Estate Specialist designation as well as a Certified Probate Specialist designation and has extensive training and experience in selling Luxury Homes.
Outside of Real Estate Janet loves to cook and entertain, play tennis, ski and do Dog Agility with the Kaplan’s two dogs, Wilson and Jake.
The Kaplans reside in Seabrook Plantation in N Myrtle Beach.
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"The Kaplans provided an extensive marketing program which enabled us to get our property leased in a very tough market for 97% of the list price. Their communication and follow-up kept me informed of the activity around our listing even while I was vacationing out of state. I highly recommend their services as a Real Estate professionals!"