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4 Great Reasons to Buy This Spring!

 

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Posted in: First Time Home Buyers, For Buyers, Move-Up Buyers

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Active
285000
Open House: Saturday from 11:00 AM to 2:00 PM

52305 AVENIDA OBREGON LA QUINTA CA

52305 Avenida Obregon
La Quinta, CA 92253

  • 3Beds
  • 2Baths
  • 1280Sq ft
View Listing
Active
Residential 305,000
Open House: Open House Saturday and Sundays

28865 PORTSMOUTH DR.

28865 Portsmouth Dr.
Sun City, CA 92586

  • 3Beds
  • 2Baths
  • 1961Sq ft
View Listing
Active
Condo 349,900
Open House: Saturday 09/21/2019 from 11:00 AM - 3:00 PM

1781 Neil Armstrong Street, Unit#104

1781 Neil Armstrong St # 104
Montebello, CA 90640

  • 2Beds
  • 2Baths
  • 970Sq ft
View Listing

About Agent

We are Real Estate Professionals in Los Angeles, Riverside and San Bernardino areas

Associations:
• Downey Association of Realtors (DAOR)
• Southland Regional Association of Realtors (SRAR)
• Inland Valleys Association of Realtors (IVAR)
• Citrus Valley Association of Realtors (CVAR)
• East Valley Association of Realtors (EVAR)

MEMBER OF :
National Association of Hispanics Real Estate Professionals (NAHREP)
National Association of Realtors (NAR)

What our clients are saying

Jose G.

I would recommend Sergio from Velasco Realty Group to anyone.
This has been very pleasant working with him on buying my first home while I bugged him all the time for littlest things and he always had answers. He was very responsive and knowledgeable on any questions I had on buy my first home. He made this process easier then what I expected it to be.


Jose G, Riverside CA.] More Testimonials

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Velasco Realty Group
O (562) 450.0230
F (562) 319.6058
1605 W Olympic Blvd Suite 9004
Los Angeles, CA. 90015

sergio@VelascoRealty.com
(562) 450-0230
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