4 Great Reasons to Buy This Spring!

4 Great Reasons to Buy This Spring! | Simplifying The Market

Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by at least a half a percentage point this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You are Paying a Mortgage 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.  Give me a call to get started on the process to own your own home – J.P. Cook – 602-320-4253.

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9501 E Broadway Road Mesa, AZ 85208

$19,900
2 Beds
1.5 Baths
800 SqFt
Status Active
MLS # 6662829
Property Type Manufactured Home
Price Type --
This is a 2 bed, 1 & 1/2 bath in a 55+ adult community. The unit has wood flooring, neutral paint throughout, updated kitchen sink/faucet, 2 toilets, all ceiling fans, window blinds, lighting and stainless appliances! The Patio room / sunroom is screened in and shaded with plenty of storage . The community offers a heated pool, library and all the extra clubhouse amenities.

265 S Smelter Road Hayden, AZ 85135

$19,000
1 Bed
1 Bath
840 SqFt
Status Active
MLS # 6647911
Property Type Single Family Residence
Price Type --
This is a great place to create a ranch and have all the off road devices you possibly want. Come take a look at the possibilities today!

5201 W Camelback Road Phoenix, AZ 85031

$18,000
2 Beds
1 Bath
600 SqFt
Status Active
MLS # 6610629
Property Type Manufactured Home
Price Type --
***Highly Motivated Seller***55+Park***You will enjoy the spacious feeling in this 2 bedroom 1 bathroom home, a super cute home, and a bargain to boot! This adorable place could be either your primary home or your Arizona getaway! Boasts an beautiful Arizona room, which is where the second bedroom is. The interior of this darling place has been well taken care of, with upgrades galore: New wall unit style AC/Heating units remotely controlled as well in Front room, bedroom and 2nd bedroom. Freshly painted inside recently inside. The refrigerator and dryer stay. Low maintenance yard. Buyer to verify schools. New hot water heater as of Jan 2024! The water and sewer are also included in the lot rent! Lot rent is approximately $855.00, Live in a great 55+ park with many amenities to enjoy. Heated pools and spas, or enjoy your days playing pool or reading from the vast library. The walking and biking path winds through the community. This place is bargain paradise!

9333 E University Drive Mesa, AZ 85207

$18,000
1 Bed
1 Bath
728 SqFt
Status Active
MLS # 6629913
Property Type Manufactured Home
Price Type --
This spacious 1bd & 1ba will have you ready to relax and kick back with comfort and activities for the single person or active couple. If you feel like you're moving slowly at your age, come on in and get speed back in your step. Here are some amenities our residents enjoy together. Spa, Horseshoes, Shuffleboard Court, Billiard Room, Library, Fitness Center, Dog Park. This home sits in the back on an end cap, so you can have that private BBQ if you want that solitude back. New flooring and subflooring in 2022. A three-car parking spot that will allow your visitors to park off the road.

7807 E Main Street Mesa, AZ 85207

$18,000
1 Bed
1 Bath
896 SqFt
Status Active
MLS # 6661953
Property Type Manufactured Home
Price Type --
This home comes furnished !! You'll definitely LOVE this single-story residence with carport space in Mesa. Once inside, you'll immediately be welcomed by the perfectly-sized great room graced with wood-look flooring in all the right places. Cook your favorite recipes in the kitchen, displaying matching appliances and plenty of cabinet space. The sizable primary bedroom will give you a good night's sleep after an exhausting day! Sit back and relax under the covered patio. Take advantage of the excellent amenities this Community has to offer, such as a swimming pool, spa, and many more directly across the street from you ! Library sits next door to your home and the laundry mat is steps away from your front door. What are you waiting for? This value is ready for you to move in and enjoy!

16005 N 32nd Street Phoenix, AZ 85032

$17,000
1 Bed
1 Bath
800 SqFt
Status Active
MLS # 6635032
Property Type Manufactured Home
Price Type --
Seller Financing Available! This one bedroom, one bath is located within the 55+ age restricted community of Paradise Valley Ranch. Freshly painted, this home features central AC and heat, gas cooking and all appliances including W/D. It features two extended covered carports offering privacy and shade. Located at Paradise Valley Ranch 55+ Community operated by Treehouse Communities. Community amenities include, pool, spa, fitness, recreation center, outdoor dining and laundry. The lots are spacious and private.

425 E Mckellips Road Mesa, AZ 85203

$17,000
2 Beds
1 Bath
720 SqFt
Status Active
MLS # 6658266
Property Type Manufactured Home
Price Type --
Welcome to a life of comfort and serenity in this charming 2-bedroom, 1-bath mobile home nestled within the heart of the La Casita Community in Mesa! This inviting mobile home is perfect for both practicality and relaxation. Boasting two cozy bedrooms and a well-appointed bathroom, it provides just the right amount of space for a comfortable and manageable lifestyle!

9421 E Apache Trail Mesa, AZ 85207

$15,000
1 Bed
1 Bath
672 SqFt
Status Active
MLS # 6662675
Property Type Manufactured Home
Price Type --
Economical 1bed/1bath home located is 55+ Desert Valley Oasis. Spacious Living Room with Eat In Kitchen Counter space. Spacious Kitchen with plenty of cabinet space for dining. Gas Stove and Oven. Appliances Included. Many Updates Including NEW AC and ROOF 2020, New Flooring 2021, New Awning 2023. Large FENCED lot. Storage Shed includes Washer & Dryer. Easy Commute To Shopping, Entertainment, and Freeways. Seller Is Motivated!

425 E Mckellips Road Mesa, AZ 85203

$15,000
2 Beds
1 Bath
784 SqFt
Status Active
MLS # 6668136
Property Type Manufactured Home
Price Type --
Charming mobile home in an adult community. Well cared for and maintained home. Newer plumbing, metal roof with coating with lots of life left. Nice big deck with a car port and a storage shed out back. FENCED in back yard great for pets~!

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