What is the Cost of Waiting Until Next Year to Buy?

As I have said so many times in the past, interest rates are still at historic lows and prices are fabulous in our area.  Every year you wait you run the risk that interest rates will increase and prices will go up.  This means the same house next year could cost you more money per month than it does now.  $89.44 per month, price of a daily cup of coffee, could be the difference between qualifying for your dream home or having to buy a less expensive home.  What are you waiting for?  Call me and let’s get started.  Don’t worry if you don’t know how much you can afford, I have a team of lenders, closing agents and inspection companies ready and waiting to help you on your journey.  I love finding perfect homes for my customers, let’s find yours!

 

Courtesy of Keeping Current Matters 2016

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020.
  • CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

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