4 Great Reasons to Buy This Spring!

4 Great Reasons to Buy This Spring! | Keeping Current Matters

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtorsare in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Source

Virginia Beach Homes

 

Housing Market Expected to “Spring Forward”

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Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.

The National Association of Realtors (NAR) recently reported that the top 10 datessellers listed their homes in 2016 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2017, meet with a local real estate professional to evaluate the opportunities in your market.

Search Virginia Beach Homes

Source

Spring Cleaning 101

spring cleaning

  1. Make a list. Jot down a list of the most important things in your home that you want to tackle. Ask yourself, what hasn’t been cleaned since last year? Your curtains or drapes, dryer ducts and light fixtures are probably on that list. If you don’t have time to make note of what you need to do, don’t panic! We’ve made the ultimate spring cleaning checklist in a printable version just for you.
  2. Grab your gear. No two cleaning tools are created equal, so make sure you have the right supplies for the job! Tip: Stocking up on vinegar, baking soda and microfiber dust cloths is always a good idea.

  3. Don’t be afraid to move furniture. Behind beds, the sofa and other heavy furniture you don’t usually move is dust, which can trigger allergy symptoms such as wheezing, coughing, chest tightness and shortness of breath. To keep spring allergies at bay, grab a friend and move your furniture a few inches away from the wall. Then, clean behind the furniture with your vacuum, using the crevice tool to reach the hard to get places. After you sweep, put the furniture back in its place.

  4. Try new tricks. Spring cleaning shouldn’t be tedious. Add a new spark to your cleaning regimen with some new, clever spring cleaning tricks and see how they work for you and your home. Shine your silver with a banana peel, use denture tablets to disinfect toilet bowls, or get rid of kitchen stink by simmering a pot of water, cinnamon and baking soda on the stove.

  5. Remember the little things. You probably have the basic cleaning tasks down pat, but what about the less obvious areas of your home that tend to get overlooked? Don’t let them fly beneath your radar! To see what you’ve been missing, read: Four Spring Cleaning Blind Spots.

    Source

    Virginia Beach Realtor