Buy Now and Save ~7%!
It always amazes me when a fall website inquiry tells me that they are waiting until spring to purchase a home. Â This is a phenomenon that occurs every year. Â Why would one wait for an opportunity to buy a house for ~7% more? Â Spring sellers are typically less motivated than Fall sellers and may not be willing to negotiate on price and terms. Â In addition, more buyers flock to the market and this competition among buyers drives up prices. Â Every year during late summer through early winter prices drop and relinquish some of their spring time gains. Â This drop is ~7%. Â If you are considering purchasing a $400,000 home, anticipate paying $428,000 in April for the same home you could have purchased for $400,000 in December. Â This equates to ~$135.00 per month at a 4% mortgage interest rate. Â So if you are considering a Spring Purchase this year, why not save significant money and buy now, in the fall/winter?
Your home is not just a place to live, it is a great investment. Â Let me show you how to be financially prudent while shopping for your next home! Â Search Homes Now!
Post a Comment