It's a great time to buy a home!
The forecast is home prices will increase approximately 5.5% by this time next year. And, I don't expect interest rates to vary much from 5% either. Simply, if you were to buy a $500,000 home using $25,000 as the down payment and home prices increase 5.5% ($500,000 x 5.5% = $27,500), your $25,000 investment would be worth $527,500. If you were to sell that home then, you would receive your $25,000 down payment back plus the $27,500 increase in equity... double your money in a year!
Let's talk about it, call me at 289-272-1157
The forecast is home prices will increase approximately 5.5% by this time next year. And, I don't expect interest rates to vary much from 5% either. Simply, if you were to buy a $500,000 home using $25,000 as the down payment and home prices increase 5.5% ($500,000 x 5.5% = $27,500), your $25,000 investment would be worth $527,500. If you were to sell that home then, you would receive your $25,000 down payment back plus the $27,500 increase in equity... double your money in a year!
Let's talk about it, call me at 289-272-1157
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