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Should I Buy a New Home Now or Later?

If you’re like many people, you may be asking yourself should I buy a new home now or later? While there are many things to consider when asking this question, here are a few things to get you started:

  • Are you in a good place financially?
  • Are you ready to be your own landlord?
  • Are you committed to staying in one place?

If you answered yes to these questions then you may be ready to buy a home. The next question you may ask yourself is should I buy now or later? With interest rates still at all time lows, that may sway your opinion. Maybe, knowing that Freddie Mac predicts that by January 2017 interest rates will rise to 4.5% or that CoreLogic predicts that home prices will increase by 5.5% over the next year may help make your decision to begin the home search now. If you wait until next year, that $250,000 budget you have would need to increase by $13,750 to get the same home.

Should I Buy a New Home Now or Later

If you have questions about the home buying process or what McKee Homes has to offer, contact us today and we would be happy to answer your questions.

Additional Source: Forbes.com