If you’ve been delaying buying a home because you’ve been waiting for the “right time” we will break down several reasons why 2016 is going to be the perfect time for you to buy the home of your dreams.
Reason #1 – Low Mortgage Interest Rates
In spite of demand from economists across the United States we can expect little to no increases in mortgage interest rates during 2016 because the Federal Reserve is eager to avoid destabilizing an already fragile US economy and keep buyers spending money.
Reason #2 – A New US President Is Only One Year Away
When a new President takes office in 2017 there may be a period of economic instability as the markets adapt to the economic policies of the new President, this is why it’s a smart idea to buy a home in Southern California now and avoid missing out on low mortgage interest rates and other tax breaks and economic conditions that are favorable to buyers.
Reason #3 – Buying a Home Is MORE Affordable Than Renting
Study the rental market in Southern California and you will see that buying a home is more affordable than renting especially when you factor in your opportunity to build equity in your home and enjoy tax breaks that you wouldn’t be able to enjoy as a renter.
Reason #4 – It’s Easy to Get a Mortgage
Last of all, but most important, you should buy a home in 2016 because it’s never been easier than right now to get a mortgage including HUD, FHA and stated income mortgage loans.
To learn more about why you should buy a home during 2016 contact Fred Sed Realty today by connecting with us through our website, following us on social media or by calling (800) 322-4643.