Buying Real Estate: Now or Wait?
It's the age old question, when is the best time to buy real estate? As many know, the real estate market is booming. From residential homes, land, and commercial properties, we have listings flying off the shelves. We break down the pros and cons of buying in today's hot real estate market to help you decide if you should buy now or wait!
Pros:
- Low Interest Rates: We've all heard of the low interests rates hitting the market, but did you know they're starting to slowly rise? Get pre-approved today to lock-in your rate for a set amount of time. This prohibits lenders from increasing your interest rate while you're looking for your property.
- Fast Decision Making: A lot of sellers are handed more than one offer at a time, which means they're inclined to accept an offer fast. This means buyers aren't waiting around for days at a time before learning of acceptation or rejection of their offers.
Cons:
- Increasing Prices: Properties are selling quicker than ever. Due to the high demand, prices for residential homes, land, and commercial properties are increasing every day.
Now that you have a few pros and cons to rely on, you can make the right decision for you and your family! If you're thinking of buying or selling, give us a call today - (740) 965-1208.
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