Farmington Hills Home Buyers Don’t Wait Until 2019

By
Real Estate Agent with Re/Max Classic 314578

There is no doubt that it is tough for Farmington Hills home buyers with the shortage of inventory to find the perfect home. The Farmington Hills inventory shortage has created a very competitivecompared to most recent times. As a potential home buyer you might be asking yourself if you should wait in out another year, but in reality you may want to rethink that idea. Their are homes for sale out there for you but you need to be ready aggressive and have a great real estate agent to help you through the process.                                                                                                                                                          farmington-hills-home-buyers-time-ticking

Farmington Hills Home Buyers Wont Save Money Waiting

Referencing the US Home Price Insights from Corelogic, Farmington Hills home buyers may have a surprise as home prices are expected to rise 5.7% year over year-meaning a Farmington Hills home buyer considering on buying a new home today will pay 5.7% more for the same home in 2019. This time next year a home of interest for example that’s listed at 275,000 with the increase of 5.7% will be 290,675 costing 15,675 more than this year.

Frustration VS Saving Money

Being out there in the field with Farmington Hills home buyers I see the frustration and the difficulty in finding a home in this depleted housing market, but just think, not only will you pay more for a home next year it’s a double whammy as mortgage rates are also slated to rise. According to Freddie Mac and their predictions, mortgage rates are going to rise a whole percentage point year over year as well, making home ownership even more expensive.
If you’re waiting to buy until next year my advice is don’t! The best step is to find a great real estate agent who is not afraid to step out of the box and diligently work hard in finding you a home this year.

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ABOUT THE AUTHOR
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Thomas Gilliam

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I'm a Professional Realtor for 17 years with RE/MAX CLASSIC in the Oakland County MI and the Metro Detroit area and love what I do. Real Estate is my passion... Exceeding your expectations is my goal!

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Tom Gilliam

Re/Max Classic

248-790-5594

http://Homes2MoveYou.com

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Topic:
Home Buying
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Michigan Oakland County Farmington Hills
Groups:
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Tags:
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Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
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Good Day 

Thank you for sharing your information with us

Have a great day.

May 14, 2018 05:17 PM #1
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Tom Gilliam- RE/MAX Classic

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