Market Instability Equals Real Estate Opportunity

The current housing market has been up a down on the economic roller coaster over the last several months. Fredericksburg homes for sale remain great investments for home owners.  Low interest rates and competitive pricing have led to an outstanding buyer’s market. Many current home buyers left their rental homes to purchase their own homes with mortgage payments cheaper than what they paid for rent.

Why is our market unstable? The economy is the biggest factor. This economy is very sensitive to changes. Many of my clients are stating that they want to wait until after the election to make a purchase. Though this seems like it might be the right thing to do, I disagree. The time to buy is now. The interest rates are at record lows and the stock market is still showing signs of instability.  This keeps the prices and rates down. When the market becomes stable, the rates will go up and the market may turn to favor sellers. Why wait for that if you are a buyer.

Are you a renter or hopeful home buyer in Fredericksburg, VA. or the surrounding areas and are considering a home purchase? Weigh your options. Contact your mortgage lender of choice. Get pre-qualified and find out what you can afford. Match that monthly payment with your current rent payment. You may save money and end up owning your very own home. Also remember, you are buying on the bottom. If the market grows, your investment will grow with it. Weigh all the pros and the cons. If you decide to buy now, contact a licensed Realtor that will walk you through the entire process.  I specialize in working with home buyers in the Fredericksburg area. We are a true full realty service firm at Century 21 Adventure Redwood.