Deprecated: Optional parameter $post_types declared before required parameter $location is implicitly treated as a required parameter in /home/bigforkm/shortsalesellit.com/wp-content/plugins/monarch/monarch.php on line 3783
4 Reasons To Buy Your Home This Spring | Kris and Kimberly Darney

Kris and Kim's Blog

Great Stuff on Interesting Topics
4 Reasons To Buy Your Home This Spring

4 Reasons To Buy Your Home This Spring

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% for months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you’re paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether it’s to have a great place for your children, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

 

Kris and Kim Darney – REALTORS® – Grandparents – 714.657.6634

Are You 1 of the 59 Million Planning to Buy This Year?

Are You 1 of the 59 Million Planning to Buy This Year? According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. As a result, if this statistic proves to be true, 59 million people will be looking to buy a home in...

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

92506 Real Estate Sales Year In Review Canyon Crest California

92506 Real Estate Sales Year In Review Canyon Crest California

It’s that time of year when we review the 2016 real estate market in Riverside Canyon Crest California, specifically the 92506 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

91784 A Real Estate Sales Year In Review for Upland California

91784 A Real Estate Sales Year In Review for Upland California

It’s that time of year when we review the 2016 real estate market in Upland California, specifically the 91784 zip code. We look at all factors. From average sold price, average days on market to the number of homes listed and as a result, we’re looking at a good 2017. Home prices are up and inventory is down consequently we’ll likely see an increase in home prices.

Pin It on Pinterest

Shares
Share This