When Home Prices Rise, Buyers Win

September was a very positive month in 2014 with the volume of home sales higher than in September of 2013. The best news, however, was that the prices continued to follow a rising trend. Not as fast a rise as in 2013, but a respectable 5.4%. That’s good news to home owners and even to buyers.

How can it be good news for buyers when home prices rise? First, it means they are purchasing an asset that is appreciating. A home is the largest investment many people will ever make and the housing crisis, where many homes lost value, was a disaster for homeowners. Second, it means that they will gain equity in their homes via appreciation as well as by paying against the principal.

Not the least consideration is that banks are more interested in loaning money on homes when those home values are increasing. No bank wants to get stuck with a foreclosed on home that is worth less than what they loaned on it. When lenders are enthusiastic, buyers have an easier time buying.

If you decide that now is the time to buy, make two appointments. 1) Make an appointment with a lender to get pre-qualified. You don’t want to find the perfect house and then be told your credit has some problems. 2) Make an appointment with a RE/MAX Flagstaff real estate broker to look at some houses. Our professionals will make sure you find the home that fits your needs and your budget. That’s what we’re trained to do!

Call RE/MAX Flagstaff at 386-246-8585 and let’s celebrate the good news in the housing market!b2ap3_thumbnail_38Pepperdine.jpg

Share this article:

Winter Forecast: Cool with Flurries of Sales
How is the Housing Market in Flagler County Doing?

Related Posts

Comments

 
No comments yet
Already Registered? Login Here
Guest
Tuesday, 25 June 2019

RE/MAX FLAGSTAFF
Sign Up For Our Newsletter Here

OFFICE

RE/MAX FLAGSTAFF Each Office independently Owned and Operated

RE/MAX Flagstaff Office: 386-246-8585
One Hargrove GradeFax: 389-246-1667
Palm Coast, FL 32137Email: Info@RMFlagstaff.com

Search