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Real Estate Information |
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Conditions Are Right For Buying The Higher Priced Home You'Ve Always Wanted
Higher interest rates and home prices in the past have kept home owners from purchasing larger homes. The current real estate market conditions, however, are encouraging for many home owners who want to "buy up" to higher priced homes with more to offer. If you are considering trading up for a larger and more expensive home, conditions for doing so couldn't get much better. Interest rates are the lowest they've been in two decades, and home prices in many regions are the most affordable they've been in years. You should consider a few factors before reaching a decision to trade up:
Obviously, you'll need to sell your current home before getting serious about trading up to a new one. A healthy real estate market indicates that you'll have little trouble selling your existing home. The national Association of Realtors reported in August that sales of existing single-family homes are rising steadily, especially among first-time buyers. Affordable home prices and low interest rates could make the starter home you purchase several years ago particularly attractive. If you can afford the up-front cost, you may want to consider switching the fixed-rate mortgage on your old house for an adjustable rate on a new one. This could allow you to trade up without increasing your monthly payments. The type of mortgage you choose also depends on how long you plan to stay in your new home. A good mortgage lender can advise you on whether a fixed-rate is an advantage is you're planning on staying for more than 10 years. A fixed-rate may be better for long term owners who don't want to worry about rising mortgage payments. Trading up may not be worth the move if you're planning on living in the new home for only a couple of years. You might have to stay three to five years for your house to appreciate enough to recoup the closing costs. Conditions for a move-up haven't been this good in many years, and you may not want to wait much longer to consider it. An experienced real estate broker can help you decide if buying a new house now is a good investment for you. About The Author W. Troy Swezey is the author of "CONDITIONS ARE RIGHT FOR BUYING THE HIGHER PRICED HOME YOU'VE ALWAYS WANTED." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
MORE RESOURCES: Buyers pulling out all stops in Lehigh Valley bidding wars, real estate agents say lehighvalleylive.com The New Voice of Real Estate — RISMedia | RisMedia.com Best of Inland Empire 2020: Best Real Estate Company Press-Enterprise A&E Real Estate Personalities Face Legal Scrutiny Banker & Tradesman REAL ESTATE TRANSACTIONS Arkansas Online Jim Valentine: Real Estate tid bits | NevadaAppeal.com Nevada Appeal Advanced Real Estate Launches $250M Fund GlobeSt.com Routt County real estate sales total $60.9M for Sept. 11 to 17, 2020 Steamboat Pilot and Today A 'Booming Real Estate Market' is Demonstrated by a Backlog of CCOs for Wayne Township - TAPinto.net Worcester County real estate transfers, Sunday, Sept. 20 Worcester Telegram Real Estate News | Business | postandcourier.com Charleston Post Courier Breckenridge places 5th among US cities experiencing real estate booms during pandemic Summit Daily News La Crosse County real estate transfers for Sunday, Sept. 20 La Crosse Tribune Dan Gilbert's safest bet? Sakthi deal moves real estate mogul into industrial space Crain's Detroit Business Real News | Real Estate | gjsentinel.com The Grand Junction Daily Sentinel Albany businessman launches SouthCore Real Estate | News The Albany Herald Is Brookfield's Real Estate Business in Trouble? Motley Fool Iredell County real estate transactions: Sept. 4-12 Statesville Record & Landmark Dayton's housing scene remains 'incredibly hot' through pandemic — here's why Dayton Business Journal A Good Time to Sell a Home, Say Real Estate Experts RisMedia.com Inside look at Baton Rouge's real estate market and why some homes are selling in hours The Advocate Marin real estate market extends pandemic rebound Marin Independent Journal 2020 Best Real Estate Projects: Bow Street Apartments - Sacramento Sacramento Business Journal REAL ESTATE TRANSFERS | News, Sports, Jobs SalemNews.net Temperatures Are Cooling But REALTORS® Are Anticipating a Hot Real Estate Market This Fall Kansas City Star Real Estate Investments in the Time of COVID-19 Wealth Daily Is fall the new spring for real estate in 2020? Washington Blade Dick Crosby, a 'gentle giant' of Rockford real estate, dead at 92 Rockford Register Star Greenwich Real Estate Report: Sept 11-Sept 18, 2020 Greenwich Free Press Manhattan Real Estate Update: What's Your Strategy? westsiderag.com Phoenix real estate firm makes its first deal, buys $50M building from car retailer Phoenix Business Journal 2020 Best Real Estate Projects: Sutter Roseville Medical Center expansion - Sacramento Sacramento Business Journal 2020 Best Real Estate Projects: The Roebbelen Center @the Grounds - Sacramento Sacramento Business Journal Moore Real Estate | Fort Worth Fort Worth Star-Telegram Recent Commercial Real Estate Transactions The New York Times Favorable conditions for real estate sellers exacerbated by pandemic, experts say The Keene Sentinel Huntsville near top of Zillow list for real estate markets to watch Birmingham Business Journal The 4 Cornerstones of Real Estate — RISMedia | RisMedia.com Mr. Met: Meet Steve Cohen and Get to Know the Mets' Real Estate and Finances Commercial Observer 'Wave of foreclosures' expected to hit commercial real estate market Houston Chronicle This Week in EG Real Estate: 18 New Listings – East Greenwich News East Greenwich News Real Estate: Mitigating fire danger on your property Tahoe Daily Tribune Sandusky County real estate transfers The News-Messenger Commercial Real Estate Leadership Award winners revealed Puget Sound Business Journal (Seattle) 2020 Best Real Estate Projects: Ernest E. Tschannen Science Complex - Sacramento Sacramento Business Journal Real Estate Transfers: Sept. 20, 2020 | Business | messenger-inquirer.com messenger-inquirer Real Estate – September 17 Greenfield Daily Reporter Firm Real Estate plans redevelopment of 6-story Eastern Market building into apartments Crain's Detroit Business 2020 Best Real Estate Projects: Gio Apartments - Sacramento Business Journal Sacramento Business Journal Real estate exec sells Boca Raton home for $5M The Real Deal Real estate investor buys neighbor's house for $6.3M Miami Herald Martha's Vineyard News | Recent Real Estate Transactions: Week Ending Sept. 11 The Vineyard Gazette - Martha's Vineyard News Judge tosses most claims against lottery retailers in real estate executive case Crain's Detroit Business Sold: Search the latest Macon County real estate transfers Herald & Review Real Estate in the Time of COVID-19 - CStore Decisions Convenience Store Decisions Why Los Feliz is a hot spot for celebrity real estate The Eastsider LA Palihapitiya finds next '10x idea' with $4.8 billion SPAC deal for real estate start-up Opendoor CNBC RealLife Tiny Homes sells first model, looking for more development sites Cincinnati Business Courier Providence Real Estate Names CEO Inside INdiana Business Real-estate transactions: Sept. 18, 2020 - News Pekin Daily Times Fort Worth’s Crescent Real Estate adds to hotel holdings with Georgia purchase The Dallas Morning News |
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