Thursday, February 25, 2016 / by Tom Nickley
What 3 Questions Are Important for Orlando Buyers?
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There are three questions that we believe every buyer should ask themselves before buying. Answering these questions will help make the process smoother, less frustrating, and clearer.
1. What am I purchasing this home for? Is it going to be your forever home, an investment, a vacation home? Answering this question right off the bat will make the search a lot easier.
2. Where are home values headed? Purchasing a home is one of the biggest investments someone will make in their life. Whether it’s a good or bad investment often comes down to home values. In Orlando, they’ve gone up an incredible 15% in the last year, and are on track for another 8% increase this year. It’s a great time to buy a home in this market.
3. Where are interest rates and where are they heading? We are experiencing interest rates right below 4% right now which is crazy. However, the smallest change in rates can mess up your purchasing power. A 1% increase will affect your affordability by 11%!
If you’re thinking about buying or selling in Central Florida, we would love to hear from you. Just give us a call or send us an email!