If you need assistance, please call 407-603-9240

Why It’s the Perfect Time to Buy in Orlando

Monday, May 30, 2016   /   by Tom Nickley

Why It’s the Perfect Time to Buy in Orlando

Want to sell your Orlando Home? Get a FREE home value report | Want to buy an Orlando Home? Search all homes for sale

 

For the last few months, much has been said about how we are in a strong seller’s market. The lack of inventory, multiple offers, and higher sale prices have been a clear indication.

If you’ve been looking to buy a home in this market, it can get discouraging. Today we want to discuss why it’s actually a great time to buy a home right now.

Zillow recently did a study that proved it is still cheaper to own a home than it is to rent in all major markets in the U.S. Interest rates continue to be historically low; they are around the 3.4% to 3.6% range here in Orlando.


It’s really a great time to buy.



Homes are much more affordable in Orlando than they are in a lot of other markets. In fact, it is 36% cheaper to own a home than to rent one. Interest rates would have to increase by 10.6% for it to make more sense to rent than own. The U.S. has not seen interest rates that high since 1989.

While home prices are up by 75% to 80% over 2010 and 2011 numbers, they are still 30% lower than they were in the peak of the market during 2006 and 2007.

If you’ve been on the fence or thinking about buying, give us a call or send us an email. We have seen a lot of success in the current market with the strategies that we use. We would love to tell you about them.


  market updates

Keller Williams at the Parks
Tom Nickley
11 S. Bumby Ave, Suite 200
Orlando, FL 32803
407-603-9240
321-945-1152

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.6/6/2020 8:23 AM CST