Don't gamble, buy now.
Updated: Mar 1, 2019
By Realtors Angel Machuca and Eduardo Sierra.
Searching for a house is one of the most exciting and joyous things you'll ever do in
your lifetime. However, signing the mortgage for that house can be one of the most
terrifying. A Realtor can help balance the two.
Dealing with the home search on your own can be scary, people are always tempted to
look for help from family or friends who have been there, done that. You should ignore
what you are being told. They mean well, but you should ask yourself when was the last
time they took out a mortgage? Even a friend or family member who bought last year
could point you in the wrong direction, since Real Estate market is constantly changing.
Deciding to buy a home comes down to individual circumstances. Are you starting a
family? Do you have a steady job with potential for growth? Other things to consider
when buying a home include having enough money for a deposit, getting pre-qualified
for a loan and checking your credit score. Make sure that any potential home you seek
to buy is in a location you are willing to live for a long period of time.
It's important to make sure that you're taking on a payment that you can afford for an
extensive length of time. Take the time to understand what you can realistically afford.
Not having the understanding will lead to problems down the line and can end in
Current market trends are creating a perfect situation for anyone looking to buy. Interest
rates are low, home prices are still well below their peaks, and rents in most cases are
the same as a mortgage payment if not more.
1.Rents Are Sky-High
If you live in a market where apartments are $1,200 per month—while nearby homes
sell for $160,000—it might be a good idea to buy a house instead.
2.Interest Rates Are Still Low
With the uncertainty of interest rates going up or down. Waiting for the right time is a
gamble that in the long run could be a very expensive lesson bought.
3.Home Prices Are Going Up
Home prices continue to climb, when will they reach their peak??? An answer we do not
have. So, why wait and be on the wrong side of the fence.
NWA is currently having a tremendous amount of growth from families moving into the
area daily and our local economy is growing. Unemployment rates are at its lowest in
the area. New attractions are being planned to bring entertainment to our area. All of
these reasons are why now is the best time to buy a home.
When you are ready to take on the journey of buying a home, do consult with a trusted
Realtor that will guide you through the process.