Omaha Real Estate

4 Reasons to Buy a Home This Fall!

4 Reasons to Buy a Home This Fall!

4 Reasons to Buy a Home This Fall! | MyKCM

Here are four great reasons to consider buying an Omaha home today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% 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 hovered around 4%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by 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 have 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 purchasing a home for you and your family is the right thing for you to do this year, buying sooner rather than later could lead to substantial savings.

4 Reasons to Buy a Home This Fall!
share
4 Reasons to Buy a Home This Fall! Here are four great reasons to consider buying an Omaha 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. 7%… more
America Needs Your House!
share
America Needs Your House! The biggest challenge in today’s Omaha real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added):.. more
14, 904 Homes Sold Yesterday… Did Yours?
share
14, 904 Homes Sold Yesterday… Did Yours? There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is… more
Top 5 A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]
share
Top 5 A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] S ome Highlights: Hiring an Omaha real estate professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make! An Omaha real… more
NEW LISTING! Omaha Home for Sale in Tiburon
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. Unbelievably stunning home in Tiburon on a huge corner lot. Step inside and discover great features such as custom cherry soft-closing cabinets and drawers, hickory… more
Where Are Home Prices Heading in The Next 5 Years?
share
Where Are Home Prices Heading in The Next 5 Years? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey Every quarter, Pulsenomics surveys a… more
NEW LISTING! Papillion Home for Sale in Eagle Crest
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. Awesome and bright six bedroom home in Papillion. The two-story entry invites you in to see how amazing this home is. Open layout on the main floor includes a… more
NEW LISTING! Omaha Home for Sale in Cinnamon Creek
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. Be amazed with this fantastic ranch in Cinnamon Creek. The beautiful eat-in kitchen has many updates including new granite counters, tile backsplash, flooring, and… more
Want to Keep up with the Joneses? Now's the Time
share
Want to Keep up with the Joneses? Now's the Time Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream… more
Homes Are Selling Quickly Nationwide
share
Homes Are Selling Quickly Nationwide The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report which revealed that homes were on the market for an average of 28 days in June. This is a slight… more