If you’re going to buy a house to buy a house, do it now.
Interest rates are at all-time lows, and prices are beginning to rise.
Consider this.
If you wait, one of three things will happen:
- The house you currently own will be worth more, and the house you buy will cost more.
- The house you currently own will be worth less, and the house you buy will cost less.
- The value of your home will remain the same, and the house you buy will cost the same as it would now.
In the first two scenarios, you aren't really gaining or losing money – it’s a wash. In the third, however, in addition to having spent another year in a home you don’t want to be in, you’ll be at the mercy of interest rates, which have nowhere to go but up, and often have a larger impact on the amount of money you’ll end up paying for your home than the initial price will. A one percent increase could mean a difference of tens of thousands of dollars over the life of your loan.
People are constantly telling you that now is the time to do everything, but in this case, they’re telling the truth!
For a free market report
For a free market report
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