The 2017 home buying season is upon us here in Lake Norman, NC, and we are giving you seven reasons to buy a home now. Whether you are a first time home buyer looking for a Lake Norman area expert to help you in buying your first home, or you’re looking for the perfect retirement home on beautiful Lake Norman, here are some great reasons to start shopping now.
Seven Reasons to Buy a Home Now
Reason 1: Interest rates are still at an all-time low. Our friend, Andrea Kindley, with Fairway Mortgage tells us interest rates are holding strong right now, and buyers who are waiting for the interest rates to be at their best should act now.
Reason 2: The cost of rent continues to go higher and higher. Save money. Buy a home.
Reason 3: Tax benefits favor home owners. As long as your home costs less than a million dollars, you can deduct 100% of the monthly interest you are paying on your loan. 100% is always a great number when it comes to deductions!
Reason 4: Home prices are stabilizing, giving buyers the upper hand when it comes to negotiating. With a level playing field among sellers, buyers can certainly drive a harder bargain.
Reason 5: Making a downpayment on a home is easier (in part due to great programs like Fannie Mae and Freddie Mac).
Reason 6: Buying a home in early spring is always great for the buyer. Sure your choices are fewer, and that would seem to favor the seller, but sellers in the Lake Norman area also know most buyers are waiting until summer to start looking, so they aren’t going to let a great buyer slip by!
Reason 7: Working with local experts, like the Cloninger Properties Team, will make the home buying process a dream come true. We know the Lake Norman area better than anyone because we have lived here, worked here, raised our children here, and been a part of the fabric of this community for decades.
Let us help get you into the home of your dreams, today.
Keeping it real,
Cloninger Properties Team