Why Wait? Buy a Home Now
It’s a big leap to make the commitment necessary to own a home. Many factors need to be considered, but now is as good a time as any to really step out on a limb and make that commitment.
Your first move should be to get in touch with an agent, as they’ll be able to address many of your concerns and tell you the benefits of owning a home now. One of the main reasons to make the move to own a home now is that mortgage rates have never been lower. This is primarily due to record-low interest rates, which can begin to rise at any time. It’s best to get into the housing market now to take advantage of these low interest rates before any increase occurs.
Another reason for purchasing a home sooner than later is so you can get into the exact neighbourhood of your choice. There’s a limited amount of homes in any given area, so the faster you act, the better your chances of getting a home in your desired neighbourhood at the price you're comfortable with.
With that said, there are also a lot of deals out there currently happening in the housing market. Sellers are becoming more flexible and finding your dream home at an affordable price is becoming more common; that means great savings for you and finding the home you love in your preferred neighbourhood. And even if you are looking at a home as an investment, now is a great time to purchase some undervalued homes and take the necessary steps to turn a profit.
Owning a home is a big deal and should be well thought out. But once considerations have been made and you’ve spoken to an agent, take that leap and get into the housing market—it’s a risk worth taking.