Prices are rising. Inventory is low. Appraisals continue to be a problem. So again, the rules are changing. Though prices are still low and by many definations it should be considered a buyer's market, we are finding that due to the low inventory, many houses are selling at asking price or over. Buyers are enticing sellers by waiving the appraisal contingency or offering free post closing possession.
Below are some reasons why you shouldn't put off that home purchase:
You don't know when the bottom has hit until it's passed
We don't know what will happen with interest rates. Right now interest rates are extremely low
Banks are changing their criteria all the time to get a mortgage. We don't know what current programs will cease to exist in the future
If you're a renter why continue to pay your landlord's mortgage? Every month you pay in rent is just money you're throwing out the window
Reap the benefits of home ownership including the tax deductions and the pride of ownership
Don't hesitate to contact us at JHawley And Associates.
Kari: (248) 459-9789
Jackie: (248) 736-6407