If you’ve put your homebuying plans on hold because of rising rates and prices, think again. It could still be a great time for you to buy. Here’s why:
While inflation is not something any of us want, there may be some upside for homebuyers, as it tends to reduce competition for homes. Additionally, equity earned by homeownership has always been a good “hedge” against inflation.
You may be happier buying now. Homeownership offers a sense of belonging and security that everyone in your family will appreciate. You’ll also avoid future rent increases while reaping attractive tax benefits, which you can always discuss with your tax advisor.
Attempting to time the real estate market is tough. The 2020 arrival of COVID-19 was a big reminder that nobody can predict tomorrow’s markets. So, if you’re waiting for interest rates or home prices to fall before buying, you may end up waiting longer than needed. The result could mean missing out on the economic and personal benefits of homeownership.
The great news is that you have options, which is why we recommend reaching out to our partners at Atlantic Coast Mortgage to discuss how they can help you make your next move – your best move.
If you’re interested in learning how Atlantic Coast Mortgage can help you finance your dream home – reach out today!
