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Thursday, June 26, 2014

3 Reasons to Buy or Sell a Home TODAY!

If you've been on the fence about buying a home or selling your current one, what are you waiting for?  The housing market has been steadily improving over the last few years.  Although interest rates are creeping up, they're still below historical levels.  And while home values are increasing, they're still considered affordable.  So, why wait?  Here are the top reasons why now is a great time to buy or sell:
3 Reasons to Buy:
1. Low interest rates.  Although people predicted that mortgage interest rates would skyrocket in 2013, 30-year fixed rate mortgages have hovered between 4.3% and 4.6% for he better part of the year.  Experts predict that even if rates hit 6% they'll still be considered affordable by historical standards.
2. Homes are still affordable.
3. Reap the benefits of homeownership.  Owning a home comes with quite a few benefits, including potential mortgage interest tax deductions, the possibility of building wealth over time and he ability to have control over your own space.
3 Reasons to Sell:
1.  Your home may be more valuable.  National home values are expected to increase by 5% year-over-year, increasing to levels last seen in August 2004.
2.  The increased competition among buyers may mean that your home will sell for closer to its asking price.  Inventory is considered low in many areas, and represents a 5.1 month supply at the current sales pace.
3.  Your family or life situation has changed.  Growing families may need more space than couples or families with grown children.  If your home no longer fits your needs, it may be time to sell it and buy one that does.
GIVE ME A CALL TODAY
So I can help you BUY or SELL a HOME!!
(317) 966-1790

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