Made first page of Yahoo News – Four reasons to buy a home nowadmin
Thinking of buying a home? Keep reading to find out why you should take action sooner rather than later.
Buying a home is a major financial decision that you shouldn’t rush into. But that doesn’t mean you should take your sweet time either. The real estate market is volatile, and truth be told, this year might be your last chance to affordably buy a home for awhile.
“If you qualify for a mortgage and choose not to buy now, you will be kicking yourself in 12 months,” says Anthony VanDyke, president of ALV Mortgage in Utah.
Thanks to a dearth of inventory, home prices are projected to increase by 6.3 percent nationwide from April 2014 to April 2015, according to a recent study by Corelogic, a leading global property information, analytics, and data-enabled services provider.
Just how much could that increase cost you? More than you might think.
“On a $300,000 house today, the same house will cost you $318,000 in one year,” says VanDyke.
The difference isn’t mere pocket change. So if you’re in the market to buy a home, read on for more reasons why this year could be a prospective homeowner’s last chance to buy an affordable home.