A Home for the Holidays

Buying a Home now could save you $$$!

We are heading into the holidays season and the prospect of a new year filled with goals and business plans. So is now the right time to buy? Well interest rates say "YES!" Rates have been hovering below 4% on a 30 year fixed and even lower for 15 year and ARM loans. Buyers and sellers negotiate year round and this may be your chance to snatch up a real deal. Keep these tips in mind when shopping for a new home during the holiday season:

1) Market time-How long has the home you're eyeing been on the market? Sellers may be more negotiable to not carry mortgage debt into the next year. In addition, looking at comparable sales over the past few months may give buyers the leverage they have been waiting for.

2) Home Inspections-Looking beyond the decorative lights and tree trim. Insuring a home is in optimal condition will save you money in repairs later down the road. A home inspection is always a wise choice!

3) Home Loans-Now is a great time to buy with interest rates hovering below 4% on a 30 year fixed. The combination of pricing and interest rates may really make the season merry and bright! Agents may also negotiate closing costs on your behalf which could trim your out-of-pocket expenses and leave more $$$ for your new home.

It is our opinion that it's always a good time to buy as real estate remains the top investment for over 62% of Americans polled who still think it's a good investment over the next ten years. Click here for the article in REALTOR.com. The biggest takeaway from the article, "Don't buy more house than you can afford." 'Tis the season for deals and real estate is no exception.