2015 is the time to make a move in the real estate market; whether you’re a first time buyer or a homeowner, now’s the time to advantage of the current market. There are many reasons to throw your hat in the real estate ring, here are just a few:
1. Mortgage rates are historically very low. Also, mortgage lenders are becoming more lenient on qualification requirements, which mean more and more people, are being approved for loans, which include people with subpar credit scores and those who cannot afford sizeable down payment.
2. Renting prices are very high and they will continue to increase. Even if you’re mortgage payment is higher than your current rent payment, the mortgage interest write off on your taxes will be another benefit to making a purchase this year
3. RE cycles, rise and fall, the current trend is on the rise and should continue to do so. Don’t get caught buying at the top of the cycle
Still looking for more reasons to throw your hat into the real estate ring? Give Michael Spurr a call today at 617-965-3300.