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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10246 E Prairie Hawk Lane San Tan Valley, AZ 85143

$450,000 - 3Br/2Ba -  for Sale in S8 T3s R9e, San Tan Valley
New
$450,000
3 Beds
2 Baths
1,344 SqFt
Status Active
MLS # 6682979
Property Type Manufactured Home
Price Type --
Experience the ultimate in rural living with this charming 3-bedroom, 2-bathroom manufactured home nestled on a sprawling 1.25 acres of land, free from the constraints of HOA regulations. This property offers the perfect blend of tranquility and convenience, with a shared well providing ample water access and electricity readily available. As the surrounding area undergoes rapid development and growth, this property stands as an excellent investment opportunity, offering the chance to capitalize on the burgeoning market while enjoying the peacefulness of rural life. With a reasonable price tag and endless potential, this home represents not just a place to live, but a smart investment in your future. Don't miss out on the chance to make this idyllic rural retreat your own!

18024 N Somerset Drive Surprise, AZ 85374

$450,000
2 Beds
2 Baths
1,834 SqFt
Status Active
MLS # 6676600
Property Type Single Family Residence
Price Type --
Paid for solar means electricity bills under $40 a month! Exquisite 2-bedroom, Plus Den, 2-bathroom gem. Palo Verde Model. Step into a world of harmonious living with its seamless open layout that effortlessly connects the kitchen and great room, ideal for both dining and entertaining. Indulge in chef's kitchen with granite counters and stainless steel appliances, perfect for culinary adventures. Plus, enjoy the added benefits of an extended garage for your golf cart & tons of garage storage. Step outside for the tranquility of mature citrus trees, providing an outdoor oasis. Split bedroom floor plan. With paid-for solar, annual electricity bill of just $237, a recently redone roof, and new AC system still under warranty for peace of mind!

778 E Rojo Way Gilbert, AZ 85297

$450,000
3 Beds
2.5 Baths
1,422 SqFt
Status Active
MLS # 6676968
Property Type Townhouse
Price Type --
Welcome to this charming property with a natural color palette that creates a warm and inviting atmosphere throughout. The kitchen boasts a center island, a nice backsplash, and plenty of storage space for all your cooking needs. The master bedroom features a walk-in closet for added convenience. Additional rooms offer flexible living space to suit your lifestyle. The primary bathroom includes double sinks and good under sink storage for optimal organization. Don't miss out on this opportunity to make this house your home!

2852 W Mclellan Boulevard Phoenix, AZ 85017

$450,000
3 Beds
2 Baths
1,345 SqFt
Status Active
MLS # 6680671
Property Type Single Family Residence
Price Type --
A minimalist dream! This home emanates with so much urban grace, luxury and style! From the moment you step into hm from lg outer courtyard entrance, you will be captivated by every detail owner has painstakingly taken. New EVERYTHING! You will love the crisp, soothing color palette from ceramic tile planks, two-tone paint, new upgraded mod lighting, ceiling fans & contrasting black hardware t/out entire home. Entertaining is an absolute delight in this huge great room w/gorgeous kitchen boasting all new white cabinets, w/pull out drawers, w/in pantry w/frosted door, & upgraded SS appliances! And it just gets better... french doors lead you into this true sanctuary that is the primary bedroom w/yes! a huge soaking free standing tub! Entire bath renovation included re-plumbing to accommodate new tub and new modern dual sinks. Don't miss the luxury lighting (even in water closet!) & exhaust fan w/bluetooth and uber cool color night lights. Walk in shower was also gutted for new shower faucet and valve system, new tile and niche. Secondary bedrooms are large and have upgrades and features of their own. And yet, there's still more... wander into your own backyard wonderland! Extended covered patio is the entire width of the home with ceiling fans and lighting. North facing backyard provides cool shade for hot summer nights so you can enjoy this extended living space all year round! Magnificent ebb and flow throughout every square foot of this property! Owner spared no expense to bring this home to an unparalleled level of luxury. Located in a private enclave that is centrally located near freeways and GCU, this home would be perfect for a short term rental, traveling nurses... the possibilities are endless. Check the stats, home sales in this community are rare (last sale was March 2022). Owners love it and stay! You'll be hard pressed to find something this fab near uptown at this price! Don't let this gem pass you by!

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