Don't wait to purchase your vacation home in Florida Keys 305-395-0814
As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.
Let us explain.
There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.
What will happen over the next 12 months?
According to CoreLogic’s latest Home Price Index, prices are expected to rise by 4.7% by this time next year.
Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.7% in that same time.
What Does This Mean to a Buyer?
Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:
KCM Report
SUBSCRIBE TO MY BLOG VIA EMAIL
|
Now really Do you want to Find and Move in Florida Keys?
Remember ---what you think about, you talk about, you bring about. Don't! keep me a secret..Right Now, take out your cell phone, look up my number 305-395-0814 and give me a call, Have the best day of your life
Lela Ashkarian, PA, CRS, GRI, e-PRO
Coldwell Banker Schmitt Real Estate
International President's Circle
11050 Overseas Highway
Marathon, Fl 33050
305-395-0814
lela@coldwellbanker.com
