Why Now Is The Time To Buy - Lauren Stratton Realty

Why Now Is The Time To Buy

If you have been considering purchasing a home, you may be curious to know if this is the right time in the market to make your move. The market is fast changing, with new laws coming into play, interest rates are constantly rising, and a whole slew of things buyers have to face when it comes time to picking the right house. What does that mean for you? Well, that there isn’t a better time to buy than now. Let’s break down the benefits of purchasing a home now, instead of waiting.

1. INTEREST RATES ARE SOARING
If you haven’t been keeping up with the real estate market, you might be missing out on the data around interest rates. They are going up, and they are going up fast. 5% may not seem like a lot, but can be the difference between hundreds, or even thousands, of dollars on what you are paying out towards your loan on a monthly basis. Would you want to pay an extra $200 towards interest for your loan each month, or would you prefer to pocket that $200? Well we know the answer to that.

Buying a home now while interest rates are at a low is going to be an advantage, both now, and long term. Take advantage of today’s rates and purchase a home that doesn’t cost you extra just because of interests.

2. HOME PRICES ARE INCREASING
Have you been hearing about folks complaining in your market about the price of homes going up? Well those prices are going to continue climbing. A home that is $200,000 now, could go up to $400,000 in 10 years because of market conditions. We also are aware that wages are not increasing as steadily as the cost of living. Purchasing a home in today’s market can get you a bigger and better deal on a house than if you were to wait a few years. Especially in hot city markets, where prices are virtually guaranteed to sky rocket, making a move now can save you hundreds of thousands.

3. COMPETITION IS GETTING BIGGER
Population growth is a real thing, and with more people, comes more competition for homes. Homes are selling faster, which means a high demand increases home prices. Buying your home now, while the competition isn’t as strong as it could be 5 years from now, helps you get a better deal on the home you want now then if you were to wait it out.

So, in conclusion, the ball is in your court in today’s market. There isn’t ever a better time to purchase then now. Avoid the competition and the increase in fees and prices, and take advantage of a market that is still in the buyer’s favor.

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Lauren Stratton

I'm an experienced licensed Triangle Realtor® and my knowledge of the local market, unsurpassed customer service, and eye for detail is what sets me apart. Call me today! 919.272.2629

Client Testimonials

Lauren was very attentive and seemed to handle everything with ease throughout the whole process. She went above and beyond several times for us, which we really appreciated. We're now enjoying our new home!

The Whitlocks

Lauren made the process entirely too easy. It was seamless. I would highly recommend her to anybody that I know that's even considering looking for a home because she catered to every single need that I had, and she is a sweetheart. Thank you, Lauren!

Jacob Monk

Lauren is an amazing REALTOR® and will be our go-to real estate professional if we need one again. All my family and friends will be sent to her! She was very detailed and knew a lot about the property and the surrounding area. Could not ask for a better agent! 

Douglas Kemp

Lauren was an excellent REALTOR® - we couldn't have made our purchase without her, and forever grateful for her help in finding our "forever home"!

Diane Kennedy

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