End of Summer Market Update: NOW is the Time to Buy!

August 27, 2019

 

 

The thought of buying a home can be daunting for some, especially if you’re a first time homebuyer! How do you even begin to navigate the real estate market and its ups and downs?

 

The first step to understanding the market is finding an agent to help walk you through the process. If you’re reading this, you’ve probably already worked with us, or are looking for someone to work with. The Hansen Home Team is a full-service real estate team that believes buying or selling a home is more than a short-term business transaction. We take pride in providing guidance and adding value to our clients’ lives through our real estate knowledge and professionalism. We also partner with trusted mortgage lenders, home inspectors, insurance agents, title companies and contractors – each of which provide exceptional service.

 

As your trusted Realtors, your goals become our goals, and we’re here to guide you through the process. As summer comes to a close and we head into the fall season, NOW is a great time to buy.

 

First, interest rates are low. Our economy is becoming more efficient – it’s been able to raise our standard of living without much risk of inflation, and in-turn, keeps interest rates low and drives productivity and wealth. While it’s not predicted that these will rise immediately, things can always change quickly due to many factors. But it’s very likely that it’s cheaper to buy a house now than it will be in one year from now. So when it comes to interest rates, now is the time to buy.

 

Secondly, competition is down this fall. If you were discouraged this spring with too much competition and your offers not getting accepted, the market has cooled down over the summer. Sellers who failed to sell during the spring might be more willing to sell for a better value before winter. Now is a great time to make an offer!

 

If you or anyone you know is looking to buy or sell in the near future, we would be more than happy to help. Please don’t hesitate to reach out to our team…we look forward to working with you!

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