Don't Wait Any Longer to Start Your Home Search

Posted by Marcus Vanzant on Wednesday, February 28th, 2018 at 3:15pm.

Procrastinating on your next home purchase could really cost you. Affordability will soon decrease, so it’s time to get off the fence.

 

If you’ve been considering making a home purchase, now is the time to get off the fence.

I recently saw an article from CoreLogic stating that interest rates are projected to rise by about 0.85% in 2018. This means a typical mortgage payment of $804 or so would climb to $910.

Additionally, home prices are expected to increase by 2.5%. This means an overall increase by about 15% in terms of the home purchase cost.

So if you have been sitting on the fence feeling unsure of when to make your move, I encourage you to do it now. Move forward with your home search before properties become less affordable.

"There is no better time than the present to make your next purchase."

Whether this is your first home purchase or you would need to sell your current home to make your next purchase, now is the time to enter the market.

Here’s the reality: With interest rates on the rise and with our current market in such favorable conditions, there is no better time than the present to make your next purchase.

If you have any other other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Marcus Vanzant, Owner/Broker, REALTOR®

Bradenton Real Estate Expert
941-932-8550

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