Your Philadelphia real estate & lifestyle guide
Your Home’s Honey Do List for May
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.
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Enjoy this article courtesy of Blue Matter, a blog by Coldwell Banker. Dee Greene Hill is a licensed agent with Coldwell Banker Preferred.
Food For Thought: Sophia Loren
4 Reasons Spring is a Great Time To Buy a Home!
Post derived from www.keepingcurrentmatters.com
1. Prices Will Continue to Rise
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.
2. Mortgage Interest Rates Are Projected to Increase
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.
3. Either Way, You Are Paying a Mortgage
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?
4. It’s Time to Move on with Your Life
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.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
Swing into Spring
Warm weather is upon us, and it’s time to take the party outside. From Cinco de Mayo to Mother’s Day to Memorial Day, spring’s signature celebrations deserve a festive and welcoming outdoor space. But what if your patio feels a little plain, a little bare, or a little less-than-inspiring for the party of your dreams?
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Enjoy this article courtesy of Blue Matter, a blog by Coldwell Banker. Dee Greene Hill is a licensed agent with Coldwell Banker Preferred.
The Best Purchases for a New House
A new house calls for new things! Here are the purchases that made new homeowners happy!
Food For Thought: David Mamet
Before Making an Offer on a House
Buying a home can raise some emotional concerns. Before you make an offer on the house, here are 5 things you must remind yourself.
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Enjoy this article courtesy of Blue Matter, a blog by Coldwell Banker. Dee Greene Hill is a licensed agent with Coldwell Banker Preferred.
