3 Reasons to Buy a Home This Year

With the market on an incline that we have not seen in years, it may finally be time to buy a new home. If you are a first-time homebuyer, or just ready to make a move, this may be the year to buy a home. Though many have been afraid to weather the rocky housing market, the tide is changing so now may be the time to consider buying a home again. Here are some reasons to buy a home this year.

  1. Inventory – Though the inventory is slowly moving back to normal, there is still a homes on the market. The market is great for buyers to find the right house for a great price.
  2. Interest Rates – Interest rates are still at an unprecedented low. Though mortgage qualification standards have become stricter, if you are in the position to have a down payment and qualify for a loan, you can get a remarkably low, fixed rate mortgage when buying a home.
  3. Incentives – Some incentives are still available for first-time homebuyers, builders sometimes will offer discounts as they try to build on the lots that have remained vacant for months if not years, and tax breaks for homeowners, you will find that there are many financial incentives to buying a home this year.

There are many reasons to buy a home and this year may be a great time to do it. However, in the end, the best reason to buy a home is that you have saved for your home, researched the market, and prepared for homeownership. However, if you have done these things, and have been holding off on buying while waiting on the market to improve, your time may finally have arrived. Happy House Hunting!

Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Real Estate transactions today usually exceed $100,000. Think of it this way, if you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA or say you had a $100,000 legal question, would you deal with this question without the help of an attorney? In my opinion considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of an experienced REALTOR®.
A few homes below for sale in Ada and Canyon counties between $145,000 to $150,000, three bedrooms, two bathrooms provided by IDX/IMLS.  These listings are current no matter which date you click on the listings below.  They are updated daily early each morning Monday - Friday.