6 Good Reasons Now Is A Very Good Time to Buy A Home

If you’ve been pondering a home purchase, there are some good reasons why now might be a great time to proceed.

1. Home prices have turned the corner. Home price trends vary by market; however, nationally, on average, home prices are rebounding. Although no one can predict the future, homes prices appear to be heading up.
2. Homes are very affordable. Homes are still very affordable relative to household incomes. This means you can buy more house for the money now, than you could in less affordable times.
3. Mortgage rates are near historical lows. Mortgage rates inched up recently, but they’re still near historical lows.
4. Buying remains cheaper than renting. A 2012 study found buying a home is 44% cheaper than renting in the 100 largest metros. Even with this year’s mortgage rates and home prices, there is still a significant cost advantage to buying versus renting.
5. Fewer house flippers to compete with. As home prices recover, house flippers leave the market. These are investors looking to buy a house at a rock bottom price and then quickly sell, or flip, it. They’re tough to compete with because they often offer sellers cash deals.
6. More inventory to choose from. Fewer house flippers can mean there’s more inventory to choose from and less pressure to close a deal because of other pending offers. Again, the situation varies from market to market, but you may find there are more homes to see and less pressure to buy in the neighborhoods where you’re looking.

PrimeLending, a PlainsCapital Company
Kristen Zorda Kristen Zorda
Loan Officer
648 Plank Rd. Suite 203
Clifton Park NY 12065
Office: 518-366-7999
my website

OrsonHeadshotsmallOrson B.Klender,  Associate Broker

Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866

www.RealEstateSaleSaratogaSpringsNY.com

www.OrsonKlender.com

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Cell: 1 (518) 588-2319 ~ Fax: 1(866) 588-6066

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About Real Estate Agent in Saratoga Springs

As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you.

One response to “6 Good Reasons Now Is A Very Good Time to Buy A Home”

  1. AZVHV.wordpress.com says :

    Reblogged this on AZVHV and commented:
    This information was put together by an agent in New York but his facts are true and his points are also relevant to our market here in Arizona.

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