Why should you buy now rather than waiting until later?

Asked by Diane Campshure Walczyk, De Pere, WI Fri Nov 9, 2012

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Maria Gilda Racelis’ answer
Maria Gilda…, Agent, Manchester, CT
Fri Nov 9, 2012
The drawback I can see from waiting is losing out on the historical low interest rate. Who knows what the interest rate would be next year. Right now it is below 4 percent- usually for creditworthy mortgage applicants.

Will it be the same next year? Who knows? The next favorable condition is that the prices of the houses have not spiked yet. Will it be higher next year? Maybe, as we are seeing inventories getting low.

Best of Luck.
0 votes
Debra (Debbi…, Agent, Livingston, NJ
Mon Jan 21, 2013
Well, maybe you shouldn't.

I would never make a blanket statement that everyone should buy now.

This is an individual decision - much depends, and is based on, on the person's specific circumstances and situation..
0 votes
Shane Renard, Agent, Green Bay, WI
Mon Jan 21, 2013
Simple the attractive rates offer at this time.
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