Tuesday, October 14, 2014
Need a few more reasons why you should upgrade now?
Home prices are still down. Interest rates are hovering under 5%. You want a larger home, but have been waiting for the market to stabilize. There are signs that the market is starting to hold it’s own. Every now and then, a drop in inventory and a spike in buying activity brings a glimmer of hope to us all – hope that the market is rebounding. And, the market appears to be making baby steps to leveling out. If you have been contemplating selling your home in order to buy a larger one, now may be the time to finally take action. While you may be able to sell your home at a higher price in the future, the delay will cost you money. The selling price on the home you buy, as well as the interest rate on your new mortgage, will be higher as well. Still not convinced? Take a look at the graph here