Buy Your Home Today: Understanding Why It’s a Bad Idea to Try and Time the Mortgage Market

Buy Your Home Today: Understanding Why It's a Bad Idea to Try and Time the Mortgage MarketIt’s often the case that people will opt to postpone home ownership until the best rates are available or it’s a more stable investment, but in an ever-shifting market it may not be the best decision to put such a sizeable investment off. If you’re wondering whether or not you should put off investing in a home, here are some reasons you may want to start putting your time into searching for a home.

Interest Rates Always Fluctuate

While interest rates are constantly changing and have certainly risen since the economic recession of 2008, they still remain relatively low and this can make investing in a home an even better financial decision. There are no certainties that market rates will remain low, but given a lower monthly payment and the easier qualifications nowadays to acquire a loan, the present may be the best time to start investing in your own place.

Investing Early Reaps Financial Rewards

It’s easy enough to wait for a lower home price or even improved interest rates, but there is no guarantee that the market will shift down. In the meantime, you may be spending at lot of your monthly paychecks on rent. If home ownership is one of your goals in life and you’re living month to month with a high rental payment, investing money into a home is a sure way to gaining equity for the future, even in the event that the market shifts up.

It’s A Good Time To Buy

When it comes to the market, there may always be a time coming when you’ll get a better deal, but the fact remains that homes tend to remain on the market a lot longer these days and it’s largely a buyer’s market. There are no guarantees that you’ll be able to find the house you want at the price you can afford, but there are a lot of good deals to be found these days and investing sooner is an opportunity to reap financial rewards down the road.

Many people hold off on home ownership because they are waiting for prices to come down or interest rates to change, but the sooner you invest in a home, the more you can benefit from investing into something that is entirely your own. If you’re currently perusing the market for a home at a price you can afford, give me a call – J.P. Cook – 602-320-4253.

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8038 S 54th Lane Laveen, AZ 85339

$505,000
4 Beds
2.5 Baths
2,403 SqFt
Status Active
MLS # 6689698
Property Type Single Family Residence
Price Type --
Desirable 4 bedroom 3 bath floor plan with a sparkling blue pool home situated on a spacious corner lot in the sough after Cheatham Farms neighborhood! featuring bold decorative tones throughout. The formal living room offers soaring ceilings and fashionable staircase, separate formal dining leads to the sizable open kitchen, complete with new upgraded appliances with plenty of space to entertain as the kitchen flows through the family room out to your back patio. with a lots of space surrounding the pool for entertaining. The den downstairs is being used as a bedroom, this home is perfect for accommodating guests. With 4 more rooms upstairs the large primary suite is a great layout. Located in the heart of Laveen, you're just minutes away from dining options, easy access to the 202.

2511 W Queen Creek Road Chandler, AZ 85248

$505,000
2 Beds
2 Baths
1,346 SqFt
Status Active
MLS # 6693596
Property Type Apartment
Price Type --
This condominium combines luxury living with convenience, offering a sophisticated lifestyle with easy access to work, leisure, and everyday needs. It's ideal for professionals looking for a balance between work and personal life in a vibrant community setting. Views of city lights and mountains, enhancing the living experience. New carpeting in the main bedroom. Blackout drapes and drapery rods in the main bedroom for privacy and light control. Custom paint in various parts of the unit including the kitchen, entry, main bedroom and bath, and guest bath. Light filtering drapes in the living room that allow natural light while providing privacy. Custom California Closets in both the main and guest bedrooms for optimized storage. Pull-out shelves in kitchen cabinets and a dual garbage can pull-out system for convenience. Newly installed stacked LG Washer & Dryer in the laundry closet, creating additional shelf space. Water softener and water filtration system at the kitchen sink connected to the ice maker in the refrigerator for clean, purified water. Walk-in pantry for ample food storage. Low maintenance LVP flooring that is durable and easy to clean. Two (2) parking spaces with storage cage for additional security or storage. This extensive list of features clearly positions the property as a luxurious and convenient choice for prospective buyers offering comfort, efficiency, and stunning views in a prime location. Proximity to Dining and Entertainment: The ability to walk to nearby restaurants, entertainment venues, and a farmer's market enhances the living experience by providing leisure and shopping options right at your doorstep. Located close to significant tech companies like Intel and Northrop Grumman, and within the Price technology corridor, which could be particularly attractive to professionals working within these sectors. This condominium combines luxury living with convenience, offering a sophisticated lifestyle with easy access to work, leisure, and everyday needs. It's ideal for professionals looking for a balance between work and personal life in a vibrant community setting.

2059 E Adobe Street Mesa, AZ 85213

$505,000
3 Beds
3 Baths
1,620 SqFt
Status Active
MLS # 6693344
Property Type Single Family Residence
Price Type --
Complete remodel! 3 Bed 3 bathroom home in Mesa Arizona. This lovely property features a 2-car garage, a convenient RV gate, tasteful stone accents, and a welcoming porch with charming trellis. Discover a lovely living room with vaulted ceilings, a neutral palette, and wood-look flooring. Enjoy the great room with stone-clad fireplace for cozy evenings. The kitchen comes with quartz counters, pristine white shaker cabinets, black stainless steel appliances, and a peninsula with a breakfast bar for casual dining. The master bedroom offers plush carpeting, sliding door access to the backyard, walk-in closet, and private bathroom. Venture outside to the backyard that boasts a big covered patio and a perfect canvas for your dream oasis, offering endless potential for personalized landscaping.

444 E Vesper Trail Queen Creek, AZ 85140

$505,000
2 Beds
2 Baths
1,433 SqFt
Status Active
MLS # 6699188
Property Type Single Family Residence
Price Type --
The community is nestled near the San Tan Mountains, providing beautiful views and a tranquil environment just about 45 minutes from downtown Phoenix and Scottsdale. Encanterra offers extensive amenities that cater to a luxurious and active lifestyle. These include two clubhouses, multiple dining options, state-of-the-art fitness centers, tennis and pickleball courts, and an 18-hole championship golf course. There's also a full-service spa named Alvea Spa, which has been recognized as one of the best in the area. For social activities, the community offers various clubs, events, and classes. With no rear neighbors the home offers great privacy with and extended 15 foot lush backyard with a pergola, sun shades and a fire pit to enjoy the outdoor living. Home has owned solar.

17806 N 41st Place Phoenix, AZ 85032

$505,000 - 3Br/2Ba -  for Sale in Grovers Subdivision, Phoenix
New
$505,000
3 Beds
2 Baths
1,370 SqFt
Status Active
MLS # 6706300
Property Type Single Family Residence
Price Type --
You don't want to miss this delightful 3-bedroom home! It features an RV gate and a 2-car garage. The interior is captivated by its vaulted ceilings, carpeted and tiled floors, and spacious living room, which is ideal for creating lasting memories. The kitchen is equipped with wood cabinetry, built-in appliances, tile counters, recessed lighting, and a breakfast bar. The main bedroom ensures a restful night's sleep with direct backyard access, a private bathroom with dual sinks, a soothing tub, and a walk-in closet. The backyard includes a covered patio and a grassy area, perfect for outdoor activities. This rare find won't disappoint! This home is a must-see!

624 E Piping Rock Road Phoenix, AZ 85022

$505,000
2 Beds
2 Baths
1,340 SqFt
Status Active
MLS # 6698499
Property Type Single Family Residence
Price Type --
Beautifully renovated single-level home in Hillcrest is ready for its new owner! Centrally located in beautiful Moon Valley. Entering through your private courtyard to the newly updated home of your dreams! The kitchen boasts new stainless steal appliances, quartz countertops, and updated flooring throughout. Step into your master retreat with new vanity, tile shower and 2 master closets!

1231 E Helena Drive Phoenix, AZ 85022

$505,000
3 Beds
2.5 Baths
1,852 SqFt
Status Active
MLS # 6684833
Property Type Single Family Residence
Price Type --
Beautifully maintained low maintenance home including backyard turf in great location - Conveniently located within minutes to SR101, SR51 and I-17 for easy access around town - Upgraded cabinets with child locks, granite, tile backsplash - loads of storage - inside laundry room with cabinets and pantry - extensive tile throughout except stairs and bedrooms - large loft perfect for home office, gym, playroom, etc - Views of Lookout Mountain from the primary bedroom - No neighbors behind you - backs greenbelt - Oversize extended garage with overhead racks - Schools, shopping, parks, golf, hiking within minutes - Desert Ridge and Norterra just minutes away - Best of All -* WE HAVE OWNED SOLAR* - No qualifying or pymt required with full price offer - Low utility bills for the summer heat! Seller will payoff solar at closing with full price offer. Seller installed solar in summer 2020. 25 panels in total.

4348 W Sandra Circle Glendale, AZ 85308

$505,000 - 4Br/2Ba -  for Sale in Bellair Phase 1 Unit 1, Glendale
Open House
$505,000
4 Beds
2 Baths
1,911 SqFt
Status Active
MLS # 6701452
Property Type Single Family Residence
Price Type --
This dream home offers a seamless blend of style and comfort with top-tier upgrades. The neutral color scheme creates a homely yet stylish feel, while the kitchen features high-end steel appliances and a beautiful backsplash. The primary bathroom boasts double sinks for convenience and luxury. Step outside to a covered patio and a fully fenced backyard, and includes a private in-ground pool perfect for relaxation and gardening. This home's unique charm and functionality make it a valuable investment in effortless elegance. Make this your happy home!

7709 N 18th Avenue Phoenix, AZ 85021

$505,000 - 3Br/2Ba -  for Sale in Bristol Court, Phoenix
Open House
$505,000
3 Beds
2 Baths
1,349 SqFt
Status Active
MLS # 6687048
Property Type Single Family Residence
Price Type --
Welcome home to this charming property that boasts a cozy fireplace, a soothing natural color palette, and a spacious center island in the kitchen. You'll love the nice backsplash in the kitchen, and the other rooms offer flexible living space to suit your needs. The primary bathroom features good under sink storage, and the fenced in backyard is perfect for privacy. Enjoy the private in ground pool and covered sitting area in the backyard, ideal for outdoor entertaining. With fresh interior paint and new flooring throughout the home. Don't miss out on this wonderful opportunity!

12131 W Marguerite Avenue Avondale, AZ 85323

$504,990
4 Beds
2.5 Baths
2,142 SqFt
Status Active
MLS # 6454131
Property Type Single Family Residence
Price Type --
Castellano - Linen cabinets throughout the home and stunning AZT Della Terra Aluminum quartz kitchen countertops including the enhanced island. 8' interior doors, 12x8 sliding glass door off the great room and leads to your covered patio. Upgrade flooring includes 18x18 tile in all areas except the bedrooms & closets and so much more. Seller to write contract and to verify all information with our onsite agents.

2628 E Hollywood Ike Avenue San Tan Valley, AZ 85140

$504,990
3 Beds
2.5 Baths
2,178 SqFt
Status Active
MLS # 6679011
Property Type Single Family Residence
Price Type --
Located in San Tan Valley, this adorable single story, 2178 square foot residence boasts a meticulously designed living space. Crafted with a keen eye for both style and functionality, this home harmoniously blends modern elegance with timeless comfort. This home seamlessly integrates open-concept living, featuring a den, 4-panel center sliding glass door, a large kitchen adorned with quartz countertops and stainless steel appliances. The expansive owner's suite includes dual vanities in the bathroom and a large walk-in closet. Additional bedrooms offer ample space for family or guests, each thoughtfully designed with comfort in mind. Complete with a 4-car garage, two car tandem and a super garage, this residence represents the epitome of ideal living.

9726 W Albeniz Place Tolleson, AZ 85353

$504,990
5 Beds
4.5 Baths
3,131 SqFt
Status Active
MLS # 6701782
Property Type Single Family Residence
Price Type --
Beautiful Brand New Home in a Highly Desirable West valley location. Under Construction - Est Completion August. Features countless upgrades such as 9' ceilings, Shaw 17x17 Tile, Granite countertops in the kitchen. Whirlpool Stainless steel appliances. White shaker cabinets with Stainless Steel Pulls. Energy-efficient features throughout, WIFI & programmable thermostat. Spacious walk-in closet in the primary suite. Front yard landscaping, covered patio in the backyard. Spectacular Mountain Views! The community features a greenbelt, a premium neighborhood park with playground. Conveniently located near the new 202 freeway, schools, shopping and dining, and Estrella Mountain Regional Park.

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