What is the cost of waiting to buy or sell a home? Simply put, your MONEY.
Today, February 4th, Keeping Current Matters (KCM) wrote a blog called “The Difference Between A Home’s Cost vs. Price.” I would like to share a few high points from the blog that I found to be most beneficial to my readers.
1. The two main factors that determine a home’s “cost” are the home’s appreciation over time and the interest rate at which a buyer can borrow. Simply put, it is the “cost of waiting.”
2. Interest rates are expected to appreciate to 4.5% by the end of 2015. Meaning, if you buy now, your monthly payment will be less than if you buy in the 4th quarter of 2015.
To view this blog post on KCM, please click on the link: The Difference Between A Home’s Cost vs. Price
If this blog is a game changer for you, please feel free to contact me to discuss your real estate needs! Right now is a great time to buy while interest rates are still very low.