Q: Why Should I Buy During the Holidays?
by: Jeff Quintin, on November 11, 2020 - Uncategorized
Here are three specific reasons to be excited if you’re a homebuyer.
Timing is important in real estate, and our current market might be the best one to buy a home in this year for a few specific reasons:
1. Interest rates are at an all-time low. These are the lowest rates I’ve seen in my 28 years in the business. Prices are a little higher than they were last year, but your monthly payment and interest rates are the lowest they’re going to be.
2. You can get more for your money. At this time last year, homes might have been slightly cheaper, but your interest rate was a lot higher. Rates have dropped from 4% to below 2.5%, making it an opportune time for you to secure more home for less.
3. Sellers have already collected rental income from the summer. Many don’t want to carry their property through the winter. This is the time to drive a hard bargain and make a deal with investors who desperately need to sell.
If you have any questions for me about this market or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.