Is now the best time for you to buy a house?
The market has seemed to have cooled down a bit, this is what you’ve been waiting for right? But now you are just really concerned about rising interest rates, and what the banks are up to, interest rates are just so “high” now compared to last year. There are no longer a whole bunch of multiple offers to complete with buyers are now more in control than they have been in the last couple of years. A higher interest rate can work in your favour if you are currently renting.
Every payment you make gets your mortgage down building equity in your home. How much equity are you building while renting from someone else, and waiting for the time to be right in the market?
The reality is a 6 or 7% interest rate is way more appealing than the 100% interest rate you are paying to your landlord. You are building equity for them when you could be building equity for yourself. It just makes more sense to want to build equity for yourself and not someone else. Don’t be off-put by the interest rates talk to your bank or your favourite mortgage person today, and if now is time for you to buy a house, give me a call so we can get you on the right track to finding your dream home.
*When your recreation or waterfront property is no longer rainbows and sunshine, we offer concrete solutions to Life‘s curveballs. Call us today for a clear path. We will look after it.* 705-927-6236
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Team Lead “The Brad Sinclair Team”
Royal Heritage Realty, Brokerage
Visit my website! www.bradsinclair.ca
Call Or Text me 705-927-6236
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**Not intended to solicit buyers or sellers under agency contract**