4 Reasons To Buy A Home This Spring

Dated: 03/11/2019

Views: 227

Spring has sprung, and it’s a great time to buy a New Jersey home! Here Team Nest Builder provides four reasons to consider buying today instead of waiting.Buy your new home this Spring!


1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices appreciated by 4.4% over the last 12 months. The same report predicts prices will continue to increase at a rate of 4.6% over the next year.

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 interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by 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

Some renters haven’t yet purchased a home because they’re uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you’re living with your parents rent-free, you are 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 have 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?

Examine the actual reason you’re buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

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.  Start your home search today at HERE, or call Team Nest Builder’s Lynn Garafola at 973-222-3777 now! Want a FREE downloadable 2019 Home Buyer Guide? Click HERE!

Liked this article? Check out our blog for loads of helpful information on real estate, home improvement and community events!


Source:  KeepingCurrentMatters.com



Latest Blog Posts

Visit 2 OPEN HOUSES Sunday For Great Sparta Homes With Amazing Yards

Seeking a new home with a huge, amazing yard in Sparta? Whether you desire a historic Cape Cod or a gorgeous Colonial, Team Nest Builder has you covered with OPEN HOUSES for two Sparta homes, both

Read More

COMING SOON Historic 3BR Cape Cod On 4 Plus Idyllic Acres In Sparta

Fall in love with this charming 3-bedroom, 2-bathroom Cape Cod, tucked away up a private drive on 4.54 picturesque acres, surrounded by majestic trees and fun trails. Sparta’s 135 Sterling Hill

Read More

Learn Why Now Is The Time To Move Up To A Premium Home

Considering selling your current New Jersey home and moving up to a premium/luxury home?  Now’s the time! Team Nest Builder explains why here...Homes priced at the top 25% of the price range

Read More

Find 4th Of July Fun In Northern NJ With Events For Everyone

Team Nest Builder wants to help YOU celebrate the 4th of July in Northern New Jersey! Read on for lots of fun activities including spirited parades, astounding fireworks displays, historic hikes,

Read More