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If you’re thinking about buying a home, there are some important questions to keep in mind. We’ve listed the most important for you today. Consider this a prospective buyer’s preliminary checklist!
Why am I buying a home in the first place? Forget about the finances for a second. This is the most important question to ask yourself. Do you want be safe? Do you want a better school district for your kids? Do you want more space, or just to control it?
Where are home values headed? According to the Home Expectations Survey, the home value index should rise to 23.5% by 2019. If you’re planning to sell your home to buy, rest assured. Your home value is expected to increase with time.
Where are mortgage interest rates headed? Be concerned about interest rates. They’re always fluctuating. An increase of interest rates dramatically affects the full sale price of a property by the time you pay it off between fifteen and thirty years. Even a 1% increase can drastically change the end value of your property! Compared to a few years ago, rates are comparatively low, but there’s always the chance they could shift unexpectedly.
If you’re interested in buying or selling a home, reach out to us today! Don’t wait. We’d love to chat with you about your real estate needs.
