Waiting to buy a home will cost you $
"I want to wait." "I am going to hold off." These have been the responses I have been getting lately during discussions about new homeownership. I wanted to share with you on reasons why you or your clients should pull the trigger.
- Inventory is getting smaller. There are more buyers looking than houses currently available. Therefore, shortening your list of options to find that dream house with a pool you have been searching for.
- Higher home prices. It is basic Economics 101- Supply and Demand. If there is less of something the higher the price. Pending sales have increased by 31% & appreciation has risen by 15%. (Stats from Dec. 2020)
- Next, rates have left "all the time lows". They are expected to slowly rise in 2021
Don't wait!