Why you “must” consider buying
your home now!
Or risk paying thousands more !!!
( WHAT THE EXPERTS ARE SAYING )
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When considering the best time for potential home buyers to purchase their new or next home, four vital factors must always come into play…
► Current Home Prices.
► Current Interest Rates.
► Current Economy as a whole.
► Expected Trends in the above.
A quick look exposes the following facts regarding the four vital factors when determining the best time to buy a home.
- Current home prices are at an all time low, but are expect to continue to rise.
- Current interest rates are at an all time low… but expected to rise in less than a year.
- The current economy is improving and expect to continue to improve.
- With interest rates low, home prices low and the economy expected to improve…
any potential home buyer could miss the perfect opportunity to purchase their new
home.
- Home prices in 2014 have risen in 225 of 276 cities nationwide according to MSN Real Estate ( 8 ) and are expected to continue to rise. And speaking local for a minute, Zillow (one of the top real estate databases created by former Microsoft executives) notes that Fort Myers ( 4 ) home values ( in some areas ) have increased as much as 11% and Cape Coral ( 7 ) home values ( in some areas ) have increased over 15 percent.
- Long-term mortgage rates will likely get up to around six percent by the end of 2015… according to a recent article wrote by Bill Conerly for Forbes ( 3 ).
- Current Economy and Expected trends according to many experts is encouraging. When speaking about the real GNP (Gross National Product) which measures the products produced in a year by a given country, the United States GNP will likely rise from 3.2% in 2014 to 4.1% in 2015 according to a recent article wrote by business advisor and consultant Dr Bill Conerly for Forbes ( 8 ) , while… Lucia Mutikani noted in a recent article she wrote for REUTERS ( 1 ) that she believes that the current uptrend in the U.S. economy will be sustained in 2015.
But why not wait a little longer? How much more could it cost you?
The fall of 2014 may be the best time to purchase a home for the next ten years.
Why? The prices of available homes are still slightly below market value, but are increasing monthly and… interest rates (still low but getting ready to rise) are still well below the 6% rate expected soon and… the economy needs improvement, but is stable and expected to continue to improve.
No one can predict anything with 100% accuracy, so we are left with examining the important factors that weigh on any decision. What personal economic decision would be worth more than the largest purchase of your lifetime? In addition, the purchase of a home will represent for most families the biggest one contributor to their overall net worth… according to the Fed’s Survey of Consumer Finances ( 5 ) -2013, which comes out only once every three years.
If you are considering buying a home, please consider all the factors…. from personal finances, to economic trends and to current and expected interest rates. If you believe many of the experts… as we have reviewed some in this article… now really might be the best opportunity for the next ten years. While waiting, if the experts prove to be right, could cost you tens of thousands of dollars more.
If you decide this is the time to buy a home in southwest Florida, one of the foremost experts with over 18 years of real estate experience, for Cape Coral homes, Cape Coral foreclosures, Fort Myers homes and Fort Myers foreclosures is Marzia Rivera. You can get free information like this article and free listings at http://www.capecoralhomesandforeclosures.com/ or just call for friendly assistance… Marzia Rivera at 239-540-4884.
Good home shopping!
SOURCES / REFERENCES
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