Don't Wait. Buy NOW! | Monday Minute

Don't Wait. Buy NOW! | Monday Minute

In real estate right now we are experiencing quite the sellers market.  There is low inventory and that is causing bidding wars which in turn is increases prices.  Many buyers have either tried their hand at making offers without success and plenty others waiting on the sidelines hoping to avoid the disappointment. So the question is, should I buy right now, or wait it out for more inventory and things to calm down?Well, in short, now is definitely the time to buy.Everyday that you wait, prices are continually going up.  Even if someone paid more money than the home was listed for, that is now the new value in the neighborhood.  So the longer you wait, values are only going up.Additionally, with interest rates as low as they are, your buying power goes a lot further than if interest rates go up even another 1% or 2%.  We know that interest rates will not stay this low for very long.  At an interest rate with a difference of even 2% could mean the difference of your monthly mortgage being an additional few hundred dollars higher, and could mean the difference in being able to afford a $500,000 house vs a $400,000 house.If you have any questions about the buying process, give us a call.  We look forward to helping you!