Philadelphia Area REALTOR®
You hear it a lot – there are best and worst times to make any sort of purchase. Whether it’s a television, a car, or a home, statistics are available that may influence your decision on when would be the best time to make a purchase.
Read More: Best Season to Buy a Home
Enjoy this article courtesy of Blue Matter, a blog by Coldwell Banker. Dee Greene Hill is a licensed agent with Coldwell Banker Preferred.
We know home maintenance can be one of the least appealing parts of adulting, and we’re here to help. We’ve outlined the most important (but also quick and painless!) tasks that’ll potentially save major repair costs down the road.
Our May checklist of home maintenance tasks will help transform your home into an outdoor entertainer’s dream—and still leave time for enjoying balmy weather.
The tulips are blooming and the yard work is piling up, but all you can dream about is Memorial Day barbecues. Before you fire up that grill, here is your home’s honey do list for May which will make summer even more enjoyable.
Read More: Your Home’s Honey Do List for May
Enjoy this article courtesy of Blue Matter, a blog by Coldwell Banker. Dee Greene Hill is a licensed agent with Coldwell Banker Preferred.
Post derived from www.keepingcurrentmatters.com
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage hovered close to 4.0% in 2017. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by nearly a full percentage point by this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
Are you ready to put your housing cost to work for you?
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.
