Why Now is the Time to Buy a Home

There are good times to buy a home and great times to buy a home; now is a great time. Those who have been sitting on the fence thinking about getting a piece of their American dream need to act now before this opportunity passes. Become a homeowner today, and reap the rewards for a lifetime.

Reasons to buy a home now include:

  • The weather is nice. Historically speaking, after a long, cold winter buyers come out in greater numbers. What this means to other homebuyers is more competition. So the sooner you get started searching for your home, the better chance you'll stand at securing it for the right price.
  • Interest rates are low. Home mortgage interest rates are still quite low. Such good rates cannot continue to be offered for an indefinite amount of time. House hunters who want to lock in a good rate need to act quickly before those rates begin rising.
  • Inventory is good. Spring is traditionally an ideal time to look for a new home. Many sellers put their properties on the market during this season, making it better for choosier buyers who may need more stock to choose from when selecting a house.
  • Buyer programs are available. The Virginia Housing Development Authority (VHDA) is offering a three percent Down Payment Assistance Grant through June of this year. Fannie Mae recently launched the HomePath Ready Buyer program, offering to give buyers up to three percent of the home's purchase price in closing cost assistance when buying a HomePath property.

All of the above factors add up to prime home buying conditions. Don't let this time pass you by; make 2015 the year you become a homeowner!


Posted By

Categories: Home Buying Real Estate Market

Cities: Virginia Beach Chesapeake Norfolk Williamsburg Newport News Hampton Suffolk Yorktown Richmond

Print Friendly and PDF

< Back to Blog index