217,726 Reasons to Buy a Home Now!

    The inaugural Opportunity Cost Report was released recently by realtor.com. The report explained that “with interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today’s market have become very steep”.

    The report estimates that, based on today’s dollars, the average purchaser would accumulate $217,726 in increased wealth over a 30-year period.

    (You can get the projected wealth increase for almost 100 metros here.)

    What could this mean to someone sitting on the fence waiting to buy?

    Experts believe that both home prices and mortgage interest rates will increase over the next twelve months. Obviously, if this does happen, the monthly cost of a home a year from now will be dramatically higher than it is today. The Opportunity Cost Report breaks down exactly how much a purchaser could lose over increments of one year and three years. Here are the results based on an average purchaser in the U.S. delaying their purchase:

    The Cost of Waiting to Buy | Keeping Current Matters

    Bottom Line

    If you are ready, willing and able to buy a home, waiting doesn’t make sense.

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    We have bought many houses and so many properties over the years. This is our first investment property and we work with Jared for probably four years to find the right property. I have to say this was the finest real estate experience we have ever . We had some negative experiences with a couple of other agents, which only made us appreciate Century 21 even more. Jared went above and beyond the call of duty, And we will certainly use him for all of our real estate agent future.”
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    Our agents write often to give you the latest insights on owning a home or property in the Smoky Mountain area.