5 Reasons Why Now is the Perfect Time to Buy!
1. Interest Rates Are Projected to Rise - interest rates are still at historical lows but as the economy and housing improve interest rates will rise.
2. Price Increases are on the Horizon - with current low inventory levels, it diminishes the negotiating power that the buyer has over the seller. Plus homes are selling quickly, especially homes in desirable price ranges. These factors will lead to increases in housing prices. In 2013, the DC Metro area saw the median home price increase 9.2%.
3. Less Expensive than Renting - according to a Trulia Trends study, buying a home is 44% less expensive than renting in the 100 largest metro areas in the United States.
4. Owning a Home Creates Financial Stability and Wealth - owning a home provides tax advantages, pride in home ownership plus an investment in the future.
5. Buy Low, Sell High - The market is showing signs of price increases, now is the time to get in before prices increase and interest rates rise and you will have made a wise investment for your future.