Sometimes it can feel like everyone has advice when it comes to buying a home.🥸 While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision.
Before you decide whether you’re ready to buy a home, you should know how to answer these three questions.
1. What’s Going on with Home Prices?🏠
Home prices are one factor that directly impacts how much it will cost to buy a home and how much you stand to gain as a homeowner when prices appreciate. What does this mean for you? Put simply, with home prices increasing, the longer you wait, the more it could cost you.
2. Are Low Mortgage Rates Going To Last?💰
Another significant factor that should inform your decision is mortgage interest rates. Today’s average rates remain record-lows. Much like prices, though, I forecast that rates will rise in the coming years, but not soon.
3. Why Is Homeownership Important to you?👨👩👧👦
Before deciding, you’ll need to understand your motivation to buy a home and why homeownership is an important goal for you. We as South Africans value homeownership because of how it impacts us on a personal level.👨👩👧👦
It provides us with:
– A Sense of Accomplishment
– A Life Milestone
– Personal Pride
Homeownership is life-changing, and buying a home can positively impact you in so many ways. With any decision this big, it helps to have a trusted advisor by your side each step of the way. If you’re ready to begin your journey toward homeownership, let’s connect to discuss your options and begin your journey.