Thursday, October 20, 2016

6 REASONS TO BUY THIS FALL AFTER SCHOOL STARTS

Ok, here we go, in no particular order... 1) Prices will continue to go up. Previously reported in this newsletter and confirmed with Keeping Current Matters National Real Estate Blog, NAR, Mortgage Bankers Association, Freddie Mac and Fannie Mae, are all projecting home sales will increase nationally 6% - 6.5%, and with scarcity of inventory that means pricing will rise as well. 2) Interest rates remain most compelling, particularly for the move up buyer. Why would you not sell now and buy more home for the money with that low rate? 3) Less competition - fewer buyers and fewer multiple offers. If ever you were to get a break on pricing and get something at fair market or slightly below, a motivated seller at the holidays, that is getting no offers, whose home is sitting on the market, is probably a move up buyers best bet. 4) Either way, you pay for where you live, so live where you want and move before the holidays. Everyone likes being settled at the holidays. 5) Flexibility on terms - If you do need a seller carry back or if you have a lower down payment, you are more likely to get accepted when you are the only offer. 6) Mover on with your life - constantly looking at property, looking online, spending you weekends going through open houses, starts to take a toll on you and your family. Sort of looking can keep you from committing to a home that is perfect for your needs.

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