Waiting to Buy a Home

The Cost of Waiting: Interest Rates Edition

The cost of waiting to buy a home is defined as the additional funds it would take to buy a property if prices and interest rates were to increase over a period of time. If you plan to take out a mortgage to buy your dream home, based on the projected increases in interest rates alone, it will cost you more in the long run if you wait to buy.

Some Highlights:

Interest rates are projected to increase steadily heading into 2020.
The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be.
Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!

Begin Your Own Property Search:

So, if you’re ready to begin your search for your dream home in Southwest Florida, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate. There are more than 150 different golf communities in our area. It can be challenging to navigate the plethora of communities. We will help provide you with a list of the best private golf communities tailored to fit your lifestyle. Lastly, we will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and results-oriented Realtor in Naples, Bonita Springs or Estero who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, vacation home, golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com