10 Reasons to buy a home in California NOW! (Part 1)
I just saw an article in The Orange County Register that I think is very important to share with you. I also just sent you a video introducing the information, but I think it’s important that we review the reasons why this is such a great time to buy.
The first 5 reasons to buy:
- Orange County jobs are increasing at a tremendous level, which will ultimately lead to more buyers to compete with you, and increased prices.
- Income is up, which will also lead to more buyers in the near future
- Interest rates are very low. Rates are significantly lower than they were last year. Remember, for $500,000.00 loan, an increase of only 0.5% in interest rate increases your payment $208.00. That’s the same as a $30,000 increase in price!
- Lenders are lending. Every day brings new financing programs which make it easier for more potential buyers to actually become buyers.
- Price appreciation is cooling. No prices are not going down, but the rate of growth has cooled. Over the last 5 years, California average prices have risen 39% or an average of over 5% per year. We are anticipating some increases, but closer to 3% range in the short term.
To be honest, these 5 reasons should be enough to lead potential buyers to make that purchase now.
Next time, we will add 5 more reasons.
So, are you ready? Do you have questions? Please either call 949-500-6365, email Frank@FrankDiLauro.com, or reach us through our website, www.FrankDiLauro.com
