So you given thought to perhaps moving to that new community you’ve had an eye on. But all the prognosticators are saying the market has slowed down and it might make better sense to wait so you can get more for your home. So let’s take a look at the true cost of waiting.
There are 2 primary factors to consider. First is the impact of the mortgage & second, property appreciation. Let’s first take a look at the mortgage impact.
According to Freddie Mac, interest rates are projected to steadily increase over the coming year. In-fact, their projection from June of 2014 to End of 2015 is an increase from 4.17 today to 5.2. Here’s what that would actually mean in terms of mortgage impact.
Now let’s take a look at the impact of property appreciation. Historically, and in-line with current projections, property values are likely to appreciate at approximately 4% annually. Here’s what that would look like in terms of net equity.
Often homesellers get caught up in the details of today and forget about the importance of other factors. Even you have given thought to moving, let’s talk about your goals and how we can help you build your net worth by not waiting until it’s too late. They say hindsight is 20/20, we’d like to think that 30 years from now, looking back, you made the right decision. Lets Talk! - (480) 359-5150