Buying a Home Still a Viable Option in 2013, 2014

You have probably heard from your friends or family that it just simply isn’t a good time to buy a house in the near future. While this may be true for home flippers who specialize in selling a home quickly for profit, it doesn’t necessarily ring true for those men, women and families who intend on living in a residence for more than five years. Below are three reasons why it may not be such a bad idea to buy your new piece of Blue Ridge real estate sooner rather than later.

Historically, rates are still low – It is a fact that rates are still lower than they were over two years ago, and much lower than the average long-term rate that is around 8 percent. Rates are hovering around 5 percent at this time, and if we’re speaking historically once again, that is much lower than it has traditionally been.

Renting still more expensive than buying – Even with increases in rates and prices recently, it is still cheaper to buy a home than rent one in the largest real estate markets. In the U.S it is still more than 30% cheaper to buy than to rent, as long as that person or persons remain in that home for more than seven years.

No competing with investors – In the past few years a good amount of realtors and homebuyers have noticed how tough it is to compete against investors when buying a home, as the investors snatched up thousands of properties very quickly. But because foreclosures are trending downward in America, investors have become scarcer, thus giving the average homebuyer more opportunities to find a property that suits them and that is in their price range.

For more information on our properties in Atlanta and in Blue Ridge, GA contact our office today and speak with one of our knowledgeable agents to begin your journey towards owning a new home.