If you’ve been wanting to buy a Central Coast home, now is the time to do it! As your Central Coast real estate agent, I am here to help you through the entire home-buying process. There are many reasons why now is a great time to buy, so allow me to fill you in:
1. Prices are going to continue to rise. If the recent home price increases have deterred you from buying, I’ve got some semi-bad news. They’re not going to stop increasing for a while still. On average, according to CoreLogic’s Home Price Index, prices have appreciated by 5.9 percent in the past 12 months and are expected to rise another 5.3 percent over the next year. Therefore, the sooner you buy a Central Coast home, the better value you might get! As a Central Coast real estate agent, I am here to help you find a home in your budget and to negotiate in a competitive market.
2. Mortgage rates are projected to increase. While home prices have been increasing, the good news in that mortgage rates have remained where they’re at, and have even dropped a few times! A fixed 30-year mortgage rate has remained around 4 percent. This is historically very low, and many real estate experts expect this to begin increasing in the next year, possibly by a whole percentage point. The sooner you buy and lock in a low rate, the more money you’ll save every single month that you’re paying a mortgage in your new Central Coast home! That adds up to a lot of money over time.
3. You’re paying a mortgage. If you’re afraid of paying a mortgage, think of it this way: If you’re renting, you are still paying a mortgage. You’re paying for your landlord’s mortgage! Not only that, but the amount you pay could increase each year, and you don’t see any of that money again someday. When you own a Central Coast home, you are investing in your future. Often, mortgages cost even less than rent, the price always remains the same, and when you sell that home down the road, you will see your money again. Most likely, with equity, you’ll see more money!
4. You have a reason you want to buy. No matter what the conditions of the Central Coast real estate market are, there is a reason that you want to buy. Is it because you’re tired of throwing away your money on rent? Are you ready to move up to your dream home on Lake Nacimiento? Are you ready to grow your family, or you do you want to downsize as empty nesters? Are you single and ready to invest in your future? There are so many great reasons to buy a Central Coast home, so why put it off? Move on with your life and accomplish the dreams!
As a Central Coast real estate agent, I can make your home-buying goals a reality in the Central Coast real estate market. Contact me as soon as you’re ready, or if you have questions, and let’s get the ball rolling!
Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty
Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me
Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.
