Dont Wait To Buy Your Dream Home

Dont Wait To Buy Your Dream Home

Don’t Wait To Buy Your Dream Home


Don’t Wait To Buy Your Dream Home

Posted: 29 Sep 2015 04:00 AM PDT

Don’t Wait to Buy Your Dream Home | Keeping Current Matters As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 4.7% by this time next year. Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.7% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:Cost of Waiting | Keeping Current Matters


Tracy Seabrooks Headshot
Author:
Phone: 614-572-3586
Dated: October 1st 2015
Views: 256
About Tracy: Tracy Seabrooks has been investing in Real Estate for over 20 years. Her extensive knowledge and exp...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

QUOTATION - QUOTATION OF THE WEEK..."Only I
INFO THAT HITS US WHERE WE LIVE - INFO THAT HITS US
Why Fall Might Be The Best Time To Buy A Home - A lot of people think the best
Whitehall Deal - Looking to buy a home in?

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Coldwell Banker King Thompson
8800 Lyra Drive Suite 600
Columbus, OH
614-532-4565
614-269-0404