04 Jan Reasons 2016 is the Time to Buy!
Reasons 2016 is the Time to Buy: Lake Havasu Homes
If you hadn’t noticed, 2016 is officially here! Now that the chaos and excitement of the holidays are over, for many of us it means that it’s time to get our noses back to the proverbial grindstone. However, the new year fun doesn’t have to end for everyone. If you’ve been considering making 2016 the year you finally move out of your old home and into something that fits you a little better, we’ve got some good news for you. Whether you’re searching for vacation homes, pool homes, cabins, Lake Havasu homes or Flagstaff land for sale, The COLLINS TEAM at Realty ONE Group Mountain Desert are here to find you the perfect match. The following is a short list with some of the reasons you should stop waiting and start hunting for the perfect future home right now!
1. Rents are getting ridiculous
If you are currently renting, we’re preaching to the choir. Rents seem to be rising higher and higher with no clear end in sight. According to Rent.com’s Rental Market Report, 88% of property managers raised their rent in the past year, and another 8% hike is predicted for 2016. In most cities, renting is just as costly or more so than a mortgage payment on a home, so why continue to throw money down the drain by renting?
2. Down payments are less of a hurdle
For many people, the down payment is the main factor that acts as a deterrent to potential home buyers. If you fall into that category, we have good news! Down payments can be a much smaller amount of cash that you might think, thanks to programs geared to help home buyers. One Home Possible Advantage Program allows people with credit scores as low as 620 make only a 3% down payment.
3. Interest rates as low as they’re going to get
With a 30-Year Fixed-Rate Home Loan at right around 4%, interest rates are still at record lows. Though that might change soon! It’s possible that we’ll never see interest rates this low again. Acting now can save you hundred of thousands over the life of a mortgage.
Contact The COLLINS TEAM today to find all the best Lake Havasu homes or homes for sale in Flagstaff, Prescott, Sedona and Chino Valley.
Images used under creative commons license – commercial use (1/3/2016) Susanne Nilsson (Flickr)