The time to buy your home is NOW! Interest will go up three times before the end of the year.
Experts agree that with the fixed interest rate so low right now, your property will appreciate over time. I mean, it will really be a great investment!
Yes, this is the right situation to finally decide to have your own house. This is your moment. The market today has one of the lowest rates historically noted, but to take advantage of it and get the most out of it, you must act NOW.
Why buying a property is so important to your future
Buying a house will be one of the best financial investments of your life and, right now, is the best time to secure your assets for the next few years.
As a professional in the field that I am, every day I help people like you to take this important and positive step in their life, so I want you to be clear that, although it is not the only factor to take into account, the rates of interest are one of the most important points in this task.
The reason for my emphasis on this issue is that I want you to be clear that the specter of the catastrophic 2008 housing bubble that ruined the lives of thousands of people is behind us.
Today, 10 years later, conditions have changed because although acquiring a home is a complicated task, we have never been at a better time to find a home for your family.
What Happens When Fixed Interest Are Low … And What Happens When They Rise
Only millionaires can boast of moving into a new home just by ordering and paying to get it the next day. For people with normal finances, the decision takes time and will mostly depend on how financially prepared you are to take on the challenge of becoming a homeowner.
There are some internal variables to take into account when deciding to buy a home such as how much money you have saved to pay the down payment and how much you are willing – and can really – pay on the mortgage.
The 28/36 rule
Experts agree on applying the well-known 28/36 rule, the easiest way for real estate agents to know if a buyer is really able to buy a home.
It is about not allocating more than 28% of the monthly salary for the payment of the mortgage, not including taxes, and not allocating more than 36% of the income adding other debts such as credit cards, car, etc.
The good news is that if you comply with this rule, you would only lack, in general terms, two things: choose the best home you can find and take advantage of the low interest rates that are in the market, Yes, as of today they are below of inflation, when in June 2018 it had reached 2.3% annually, the highest in the last 6 years.
There will always be ups and downs. Now we are – happily – at the right point to buy
In fact, several experts agree that taking the step of buying a property today would be a really profitable investment. It does not matter if it is to live in it or to sell it in a few years, since with such a low fixed interest rate it is easier for that future property to appreciate substantially over time.
And … if you wait a bit?
No one can decide for you. What the experts in this field can do is announce to you that, as interest rates rise, you may no longer be able to pay for the house you wanted and could have bought. So if you really want to take advantage of the current state of the financial market, I invite you to contact your trusted real estate specialist and take the first step in the great adventure of becoming an owner and stop being a tenant forever.
If you are thinking of buying a property, contact us at 1-855-663- 4730. You can also write to us on our website http://homeprorealty.us/buyers/ and we will contact you.
