Reasons Spring is a Great Time to Buy a Home in Southern Maryland
Here are four great reasons to consider buying a home today instead of waiting
- Prices Will Continue to Rise Charles County, Calvert County, St. Mary’s County, Prince Georges County
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage hovered close to 4.0% in 2017. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by nearly a full percentage point by this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You Are Paying a Mortgage
There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
Are you ready to put your housing cost to work for you?
4. It’s Time to Move on with Your Life
The ‘cost’ of a Maryland home for sale is determined by two major components: the price of the home it is selling for in theCharles County, Calvert County, St. Mary’s County, Prince Georges County, and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
Waldorf MD is broken down into several Zip Codes Waldorf MD Homes 20601, 20602, 20603, 20604 . You can find your home for sale with the direct links to the homes in specific zip codes. There is the Pine field or Northern Waldorf MD 20601. Then there is the St. Charles Area with a zip code of 20602 and 20603. You will also have newer homes being developed in the 20604 zip code.
Public Schools are located in the zip codes 20601, 20602, 20603 and 20604. Here is a list of the Schools in the Waldorf Community area:
PUBLIC SCHOOLS LOCATED IN Waldorf Grades
Benjamin Stoddert Middle School 2040 Saint Thomas Drive Waldorf, MD 20602 06-08
Berry Elementary School 10155 Berry Rd Waldorf, MD 20603 PK-05
C. Paul Barnhart Elementary School 4800 Lancaster Circle Waldorf, MD 20603 PK-05
High Schoolers will go to La Plata High, Thomas Stone or Northern High 9 – 12
All information is Rights Reserved by Skip Young Realtor of Re/max 100
Here are the top five reasons to hire a Waldorf MD Realtor:
- Paper Work
They help with all disclosures and paperwork necessary in todays heavily regulated environment.
They are well educated in and experienced with the entire sale process.
They act as a “buffer” in negotiations with all parties throughout the entire transaction
They help you understand todays Real Estate Values when setting the price of a listing or an offer to purchase
- Understanding the Current Market Conditions in Charles County Homes for Sale
They simply and effectively explain today’s Southern Maryland Real Estate headlines and decipher what they mean to you
HIGHLIGHTS FROM CHARLES COUNTY HOMES FOR SALE
As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team!
There are many benefits to using a local professional!
Pick a professional Realtor in Charles County MD who knows your local market and can help you achieve your dreams!
Realtor: Skip Young
Certified Military Relocator
Skip Young Realtor
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10665 Stanhaven Place Suite 300
Mon-Sat 8am – 6pm
Maryland Homes For Sale
Infographic by KCM Crew