Buyer Considerations – Top 10 Reasons to Buy Now
- Holiday Season – People don’t usually buy during the holiday season, and sellers know it. Buyers are too busy with family, preparation for Thanksgiving and Christmas, and social events. If a seller is anxious too sell, they’re more likely to entertain low offers to get a head start on the coming year.
- Low Mortgage Interest Rates – There has been a lot of talk recently about the Fed raising interest rates. If the holiday selling season is strong, mortgage interest could increase sooner than people expect.
- Limited Competition – With few buyers looking to purchase a home in the next couple months, purchasing now minimizes the risk of having to compete with other buyers for great homes.
- Ample Selection – The good supply of homes presently available for sale assures today’s home buyer that they can find the ideal home. A home buyer that waits too long may have to settle for a much less desirable home.
- Bad Weather – The record breaking cold and snow in northern states will virtually guarantee additional buyers looking to purchase in warmer climates, especially if the forecast for another bad winter holds up.
- Attractive Home Prices – Strong appreciation over the past couple of years proved that the best time to buy has already passed. Waiting for prices to increase even more may be foolish.
- Rising Rental Rates – As fewer people qualify for mortgages and the supply of homes available to purchase dwindles, rental rates could skyrocket, leaving buyers in a difficult position of choosing between ridiculous rental rates or high home prices.
- Emotional Considerations – Time is precious. We don’t know what the future holds. Your family deserves the best quality of life now, not later.
- New Home Prices– The cost of labor and materials for new home construction is skyrocketing. Higher new home prices virtually guarantee that the price of existing homes will increase as well.
- Future Financial Security – As a home appreciates in value, the net worth of the homeowner dramatically increases. Compare this investment benefit to frivolous purchases on vacations, expensive clothes, automobiles, and other depreciating assets.
1401 Highway A1A • Suite 201 | Vero Beach, FL 32963 | O: (772) 234-0301 | F: (772) 234-0304 | W: www.metworldwide.com | E: success@metworldwide.com