If you have always wanted to buy your dream house, then the last quarter of 2013 is the best time to do it, and you can’t afford to miss it.
According to gay real estate experts, buying a house is way cheaper than renting. Also financial institutions are about to be forced into tighter lending requirements in 2014.
Below are 7 reasons to consider buying a home before 2013 ends.
- Mortgage costs will be relatively lower. You’ve heard it time and time again ~ rates are low, and won’t be sticking around forever.
- Houses are cheap. Depending on the location, house costs do vary, but it’s cost effective when you look at it in terms of the average housing price across the country. This year looks promising, and prices are rising in every market, so you better not miss out.
- Chances of getting a mortgage are high. Bankers and creditors have more flexibility and less government regulation on home buyers and have simplified the process of qualifying for a mortgage ~ new rules and regulations roll out in 2014.
- Investors won’t be challenging. Investors who buy and flip homes will be dormant unlike the recent years. This is due to the rising costs of housing, making house flipping unattractive. Since there are more houses that will be available, you can take time finding your dream house since competition will be less.
- Buying is cheaper than renting. For those who reside in metropolitan areas, it would be wise to consider buying a home instead of renting. If you are in a location where rents keep rising, then it’s about time you consider the advantages of buying a home as compared to renting it.
- Think of the next 5 to 10 years to come. If you’re staying put at least 5 years, it’s time to invest in your future!
Author Jeff Hammerberg is the Founding CEO of GayRealEstate.com ~ Providing Free Instant Access to the Nation’s Top Gay, Lesbian and Gay Friendly Realtors Coast to Coast. FREE Buyers Representation ~ Free Relocation Kit to any City, USA ~ Free Sellers Market Analysis for home sellers.