Top 3 Convincing Reasons to Buy Your Dream Home Right Now
As the world continuous to find an effective way to deal with the COVID-19 pandemic, life for most of us has come to a standstill. We’re still trying to cope with the new normal. Most employees are working from their homes, people teaching their kids online, and figuring out new ways to entertain themselves without having to leave their house.
If you were planning to buy a home before the Covid-19 happened, you might already have put off your plans thinking that it was not the right time to invest. However, the best time to purchase a property depends on several factors including your job, disposable income, financial status, and budget, to name a few.
If you’ve everything in perfect order but you’re still not sure whether it’s a good time to make a property investment, the following factors may help you arrive at a well-informed decision. Read on.
1. Take Advantage of Record-Low Mortgage Rates
In this pandemic era, the Government is trying hard to keep investors and buyers active in the market. To achieve this, it has been slashing interest rates for quite some time now. As a result, mortgage rates are at an all-time low, making it the best time to buy a home and enjoy very low monthly mortgage payments.
That being said, mortgage rates are constantly fluctuating and there are high chances that they will increase sooner than you expect. So, if you want to take advantage of today’s seriously low-interest rates, you’ll need to make a decision immediately. Once you’ve successfully locked in the interest rates, you’ll be well protected from any increase for a specified amount of time.
2. Home Buying Power Is Up
Let’s try to understand what home buying power means. For the uninitiated, it simply means that how big a house you can afford or much you can invest in a property at a given point in time. For instance, right now, interest rates are plummeting and the average wage has been increasing at a constant pace. This means most buyers can afford a bigger house now than ever before. You can easily calculate your home buying power with a mortgage calculator. It can also give you a good idea about your monthly payments.
3. Enjoy More Buying Incentives than Ever Before
Besides low rates and better buying power, there are many more benefits to buying a home now. Nowadays, most of the home building firms are offering lucrative deals and offers to attract more buyers to newly constructed properties.
To entice buyers in these difficult times, many communities all over the state and country are offering special discounts and holding limited-time sales to make property buying an affordable and stress-free experience for everyone.
By investing now, you stand the chance to save thousands of dollars because of these rewarding promotions. We have recently started our own Hometown Heroes program under which our everyday heroes like healthcare professionals and teachers can benefit from exclusive discounts when buying a new property.
To learn more about our Hometown Heroes program, contact one of our sales consultants today. If you’re planning to make the move right now, there are more attractive bonuses waiting for you. There are multiple ways to own a house nowadays, and you’ll surely find one that suits your needs and budget perfectly.
Please feel free to visit our sales centers and you’re always welcome to take a look at our model homes. Simply get in touch with our sales consultant to schedule your free in-person appointment now. In case, you are feeling overwhelmed with the choices, our friendly experts can help you choose a perfect option for you with our state-of-the-art online shop. When you shop online, you’ll get access to advanced features like 3D tours, real-time site maps and interactive floor plans to select your perfect home at the touch of a button.