Being a Buyer in Today's Market

There are a few different factors in today's real estate market that is making it the perfect time to buy.

1. Interest rates are low giving buyers good buying power.

Interest rates are at an all time low, which means that buyers can get more house for their money. For example, let's say you bought a $250,000 home at 4.01% interest rate. You would pay $1,194.98 per month for your home. If you were to buy the exact same house next year with increasing home prices and interest rates, you could end up paying close to $1,381.18 per month. That monthly payment could make a ton of difference in your life, both now and long term.

2. Home prices are going to continue to rise.

Currently, we are at a one month supply of inventory on homes for sale. Homes are going fast and for top dollar. In this aggressive market, it is very common to see multiple offers and rising home prices. One way to combat this issue is with the help of an expert real estate agent. Buyers Specialists are knowledgeable in market and real estate trends and can help you secure the home of your dreams at the right price. Navigating the process on your own can be risky in that you might miss out on some great properties before prices go up.

3. It might just be the "right time".

Whether you are looking to move up from the cramped apartment, condo or first home, or looking to downsize now that the kids have moved out, there are many personal reasons to make a move. If you are thinking of buying in this quick market, you first need to get pre-qualified. By calling a lender, you will have the right idea of what move makes sense for you and your family, and will be ready to pounce on an opportunity when it arises. 

Then, call us. The Heather Roxburgh Group is here to help you answer those hard questions. What neighborhood works best for you? What type of property fits your life style? Are the school districts and amenities available beneficial for your family? We can narrow down your search criteria so that you are looking at the right home, and then buying it once it's found.