Are you happy in your home? Do you want to stay in your home for the next 3-7 years Or are you planning to make a move in the next few years? The reason I ask that is that if you are wanting to move in the next few years, now might be time for us to start talking about your options.
Home values increased 23% in 2021, and they are projected to increase another 10% this year. Economists predict home values to continue to increase at this rapid rate for the next 3+ years. We have already seen interest rates begin to rise, and the FED has stated that is going to continue.
This means that the longer you wait, the more costly making a move becomes.
et me show you what that looks like: Say you are looking at $500,000 today. If you wait 1-year to purchase, and prices increase 10% and interest rates increase 1% from where they are today, the monthly payment would be $450/month more than it would be right now. Over the life of a 30-year mortgage, that is $154,000.
Saving $154K would be nice right?
So if you are thinking of making a move in the next few years, let us know. We can chat through all your options and design a custom moving plan that works for you, and your family, and your time frame.
