5 Reasons Why You Should Consider Buying a Home Today

5 Reasons Why You Should Consider Buying a Home Today:

1.    Supply is shrinking. With inventory declining, finding the home of your dreams may become more difficult going forward. The best homes in the best locations sell first. Don’t miss the opportunity to get that “once-in-a-lifetime” buy.

2.    Home prices are increasing. Take advantage of lower median home prices today. According to the National Association of Realtors, the median sales price of existing single-family homes rose 11.4% in 2013 alone. Prices are getting a boost not just from shrinking inventory but also low mortgage interest rates.

3.    Interest rates are still low. You can still find a 30-year fixed rate loan under 5.5%, however, you never know when rates will begin to rise.

4.    Tax deductions. You may be able to deduct mortgage interest and real estate taxes from your home if you itemize. Talk to your tax professional now to see what tax benefits you can take advantage of.

5.    Rent is skyrocketing. According to Bloomberg, average monthly rents have risen by 3.4% compared to this time last year. Owning your own home means not having to worry about rent increases.

Now could be the best time for you to purchase a home. Contact the Team Scott at La Rosa Realty today!