Should I Buy Now or Wait Until Next Year?

Should I Buy Now or Wait Until Next Year?

You may be on the fence about purchasing for a number of reasons.  Sometimes people just want to wait until the spring because they think there will be more homes to choose from.  There may be, yet I guarantee there will be more buyers out then. So more competition to drive prices up. 
 
Let’s do a comparison:
Interest rates are now around 4.65%; this time next year they are projected to be around 5.2%.  A home that costs $250,000 will escalate in price to $262,750.  And of course your mortgage payment will increase from $1,289.09 to $1,442.79.
 
So if you are thinking about buying, contact us today.  We can sit down with you and conduct a needs analysis, review your numbers, as well as the process, so that you are comfortable. 

Should I Buy Now or Wait Until Next Year?