Move up or Stay Put?
Between price reductions and record low interest rates, many homeowners are asking themselves if now is a good time to move up.
Buying under today’s conditions can mean getting more home for less buck. You’ll pay a smaller amount of interest over time and can snag that dream home for a fraction of it’s boom era price. Additionally, with the large number of distressed homes on the market, you may even find a home at a steep 10 to 20 percent discount.
Before you start mentally decorating that dream home, however, you should consider what “moving up” means for you. For some buyers, moving up means a better neighborhood. For others it means a bigger home with more space or amenities.
Thinking of moving up? Check out our handy calculators to figure out potential mortgages, closing costs, and more!