en en en ru en en en en en en en en en en en en en en ru en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en de en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en la de en en la en en en la en en en en en en en
4 Reasons to Buy a Home Spring 2018! What are you waiting for?
THE PETRASHEK GROUP (612) 889-6496
Are you moving to Minnesota?
52 Fun Things to Do
27 Mar 4 Reasons to Buy A Home Spring 2018!
Posted at 13:20h in Sheryl's Blog by Sheryl Petrashek
Here are four great reasons to buy a home in the south metro today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% between December 2016 and December 2017. The same report indicates that we are at our lowest unemployment rate in the past 17 years. This increases the number of potential homebuyers. In turn, this decreases the amount of inventory and increases the appreciation in home prices.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting to buy a home 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 have just increased to 4.45%. This puts the federal funds rate at its highest level since 2008.
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 build 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.
Given all the reasons to buy, are you ready to put your housing cost to work for you? We are ready to help!
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 a home.
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.
Contact us today to get started!
Market Stats, Online Marketing, Real Estate News
Sheryl Petrashek is a Realtor with Re/max Results. She is based in Apple Valley and Sells Real Estate in Apple Valley, Burnsville, Eagan, Lakeville, Farmington, Prior Lake, Savage and Rosemount MN.
#1 Listing Agent Sheryl Petrashek:
Most Sold Homes in 2015
Top 10 Agent Remax Minnesota
8462 200th St W presented by Lakeville Realtor Sheryl Petrashek
14665 Evergreen Trail presented by Apple Valley Realtor Sheryl Petrashek
8035 133rd St W presented by Apple Valley Realtor Sheryl Petrashek
6710 Oakland Ave presented by Richfield Realtor Stefan Petrashek
14182 Pennock Ave #304 presented by Apple Valley Realtor Sheryl Petrashek
Apple Valley, MN 55124
Each Office Independently Owned and Operated
Copyright © 2021 SellingSouthoftheRiver.com – All Rights Reserved.
Merry Christmas and Happy New Year!
Tempor placerat pid penatibus eros facilisis rhoncus magna non sed dis risus. Ac ut! Vel vut enim porta lectus est habitasse egestas in. Augue dapibus odio! Rhoncus porttitor scelerisque sagittis, elementum magna, vut scelerisque enim elit parturient dignissim platea vel nascetur porta lacus mid odio, in ut, rhoncus, platea etiam enim quis integer placerat, mid, natoque, non scelerisque non!
Turpis dis amet adipiscing hac montes odio ac velit? Porta, non rhoncus vut, vel, et adipiscing magna pulvinar adipiscing est adipiscing urna. Dignissim rhoncus scelerisque pulvinar?
Nisi mus sit lectus, velit tincidunt? Aliquam. Adipiscing a duis, enim purus dis, etiam odio auctor sed pulvinar proin dolor. Egestas dolor ridiculus elit lacus nunc quis aliquet. Aliquet et. Nunc et, tristique amet sagittis integer magna.
SUBSCRIBE TO OUR NEWSLETTER
Please enter your name & email address to subscribe to our newsletter.