It’s a Great Time to Purchase a Home – Here’s Why…Terry Riffe | November 6, 2015
If you have been on the fence about whether to purchase a home or not, just do it! If you have the financial resources and means, it is a great time to purchase a home. Here’s why…
~ Home values are on the rise. The appreciation rate for the Orlando area for the last quarter was at 4.86%, and this number is expected to rise in the near future. What does this mean for you? It means that a home is not only great place to invest your money, but a great place to build family memories while you’re at it.
~ Rental rates are on the rise while rental inventory is declining.
~ Interest rates are low, low, low. Today’s 30-year fixed rate mortgage (conventional financing with 5% down) is at 3.81%, a 15-year fixed rate mortgage is 3.01%. It’s just a matter of time before the Feds raise these rates.
~ Many lenders are lowering their credit score requirements and relaxing their guidelines. This makes it easier for some borrowers to qualify for a loan than in recent years.
If you decide it’s time for you to buy a home, be sure you choose a trusted real estate agent in your area. If you are ready to buy a home or an investment property in the Orlando/Disney area, I’m ready to assist you. Email me An@OrlandoVacationRealty.com or give me a call 1 (407) 800-0888. Happy house hunting!