Today’s market offers plenty of opportunities for buyers looking to purchase a home. Whether it’s your first home or your tenth, there may never be a better time to buy than today. Why? The combination of low interest rates, healthy supply of inventory and stable prices makes this a perfect storm.
Buyers may be disappointed that the tax credit has passed but with interest rates at historic lows, the cost of homeownership has never been more affordable – even without the tax credit.
So why buy now? Here’s six reasons why:
1. You can get a great deal.
2. Mortgages are cheap.
3. Plenty of choices.
4. You can get more for your money, i.e. a “better” home.
5. It’s forced savings, allowing you to build up your nest egg for the future.
6. Sooner or later the market will clear and your home will continue to be a solid investment as the value appreciates.