Home Buyers Guide Winter 2018

Dated: 02/03/2018

Views: 69

Image title


Thinking of buying a home in Vero Beach?  This special edition of the <strong>Home Buyers Guide Winter of 2018</strong>, presents the 4 reasons to buy a home in Vero Beach this winter, 2 myths that may be holding you back from buying, how low interest rates increase your purchasing power, why pre-approval should be your first step and much more.

Here are some sections inside the Home Buyers Guide Winter 2018


4 REASONS TO BUY A HOME THIS WINTER!

CoreLogic’s latest Home Price Index shows that home prices have appreciated by 7.0% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense.   Vero Beach home prices are also on the rise and have increased by 14.3% compared to last year.


BE THANKFUL YOU DON’T HAVE TO PAY 1980's INTEREST RATE

Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2018 and will be about 4.6% by the end of 2018.

Following is the chart of mortgage rates through the last 45 years and see why you should not wait to buy a home now.

 

Image title


2 MYTHS THAT MAY BE HOLDING YOU BACK FROM BUYING

An article in Realtor.com “Home Buyers’ Top Mortgage Fears: Which One Scares You?” it is shown that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try”.  Here are 2 myths that hold back home buyers.

Myth #1: “I Need a 20% Down Payment”

Myth #2: “I need a 780 FICO® Score or Higher to Buy”

Find out how these myths are busted by getting the FREE Buyers Guide.


HOW LOW INTEREST RATES INCREASE YOUR PURCHASING POWER

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget. 

Following is the chart showing the impact on interest rates in several price ranges.

Image title


You will find a lot more information in this NEW seasonal edition of the Home Buyers Guide for Winter 2018 here.

Want to Advertise on this Site?

Latest Blog Posts

Home Sellers Guide Winter 2018

In this edition of the Home Sellers Guide seasonal series for Winter 2018 we look at 5 reasons to sell your home now, how to get the most money from the sale of your home, the importance of using

Read More

Home Buyers Guide Winter 2018

Thinking of buying a home in Vero Beach?  This special edition of the <strong>Home Buyers Guide Winter of 2018</strong>, presents the 4 reasons to buy a home in Vero Beach this

Read More

Todays Ramble From Team Rambala January 25 2018

If You’re Considering Selling, ACT NOW!!Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering

Read More

Todays Ramble From Team Rambala Jan 10 2018

The Impact of Tight Inventory on the Housing MarketThe housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home

Read More