Buying a house in 2019 is a smart move. I repeat, a smart move. The housing market in 2019 (especially here in Orlando) is ramping up fast! Our blizzard of a January is over and it's time to buy! Once the weather gets warmer, homes start selling faster. There are hundreds of personal reasons why you should buy, but here are the top 4 that have been voted upon by REALTORs here in Orlando.
1. There will be move available homes. This creates buying power. A great REALTOR (such as myself) can help you navigate this advantage and use it to help you get your dream home.
2. Higher and higher prices will subside to a crawl. Expect home prices to rise, but at a much slower pace than the past few years. This transforms to an easy solution - buy now before prices rise, and in 7 years when you want to sell, call me and I will help you get the most out of your investment :)
3. Mortgage rates are lower than expected. When my parents bought their first house in the 1970's, their interest rate was 19%. Yes, I said 19%, Nineteen, Diecinueve, Neunzehn, Dezenove, 十九! Whatever language you prefer, 19% is crazy! I built my house and received a 3.875% interest rate. That's a far cry from what it used to be. Don't pay more for the same house. Buying now will save you thousands over the course of a 30-year mortgage!
4. Rent is rising quickly and doesn't look like it will slow down anytime soon. Some of us have rented an apartment straight out of mom and dad's house. We were excited to move out and have "freedom". Little did we know, laundry, food, cleaning, etc. doesn't just happen, someone has to do it. Something else we did not know... apartment complexes can raise their price every few months (by a certain percentage) without reason and with little advance. Don't waste you money on renting. Buy and invest in your future!
Now for the fun part... that one extra reason we have all been waiting for...
