It’s a new year and you are ready for a big change….a new home. The thought of moving in the cold winter months might have you wanting to hesitate on purchasing a new home until spring. But, why delay?! Recent research from Realtor.com has shown that it is a good idea for home buyers to purchase their home this February!


There are several reasons why it is wise to buy now.

 

(1) There are greater savings now. Compared to prices during the most popular homebuying months of July and August, home prices are on average 8.45 percent lower in January and February. Since home prices this upcoming spring are expected to be higher than in recent years, buyers should take advantage of savings now!

 

(2) There is less competition. Recent data shows a 47 percent increase in the number of home sales between January and June. This means that there are less buyers searching for homes in the early months and can help lead to savings for buyers since sellers might be more anxious to sell and willing to negotiate.

 

(3) Interest rates will rise. All predictions for 2017 show that interest rates will rise close to 5 percent. Buyers should purchase their home now to avoid the higher rates later in the year.


If you are interested in Buying a home in the Seneca area this February, give the McCall Team a call today or visit Our Website at http://www.farrismccallrealestate.com/.