New Year…New Home Search
You may ask ‘why’. Well, sellers are looking to move their properties. They don’t want their property on the market during the winter months. Sellers still want a good deal, but are open to more negotiating when they aren’t as many buyers viewing their loft/condo.
Right after the start of the New Year, we see a definite increase in the number of new properties hitting the market. With that comes opportunity. Opportunity for buyers to get serious before the flood of buyers hit the market in the Spring. Why compete with everyone else for the great properties when you can have your pick of crop. Their is less chance you will be in a multiple offer situation where you have to up your offer just to ‘seal the deal.’
Interest rates are still very low – in the 4’s. Getting that home loan with that low of an interest rate makes purchasing very affordable. In fact the number of renters I meet who ultimately buy because of low interest rates in increasing. It’s still cheaper to pay a monthly mortgage than pay rent each month. To confirm this, I always encourage my buyers to talk with their lender to determine the best type of loan, amount of down payment, etc., as interest rates are so dynamic and changing that you have to stay ahead of the game. That way they can compare and make the best decision. Added to that are the tax benefits of owning versus renting.
So as the new year gets underway it’s a great time to begin your new loft/condo or single family home search. To learn more, just click on the Contact Us button. We will contact you quickly and assist in your search for a new residence.
Here’s to a great 2014. Happy New Year!