Is Now a Good Time to Buy?
If you have heard recently that you should make a home purchase now because prices and interest rates are going up, that is absolutely right. Now is a good time to buy because interest rates are increasing, so it is best to lock in a lower one while you can. In addition, your St. George real estate property will increase in value over the next few years because the market is on the rise.
Analysts have even said there may never be a cheaper time to make a home purchase. Mortgage brokers are even saying that homeowners will likely never again experience such low rents on home loans. Banks also are currently unveiling deal after deal with “fixed interest” and other perks to entice borrowers. With these deals, a homeowner can lock in lower payments for up to a decade.
However, it is good to know that housing prices have begun to rise ever since January 2015. Young people considering making a home purchase may need to borrow more than previous generations did to get into their first home in the St. George real estate market, but the market is still at prime time for investing, since interest rates are so low. At Holiday Resort Realty, we want to assist you in any way that we can. Whether you are buying your first home or your tenth home, whether you’re planning on renting it out or living there yourself, we have the tools to make sure that you are taken care of in the best possible way. No matter what stage of the home-purchasing process you’re currently on, come see us and we’ll make sure that you have the most positive home-buying experience possible. Make your dreams of becoming a homeowner a reality at Holiday Resort Realty.