There are many great Los Angeles and San Fernando Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (818) 491-4580 for a FREE home buying or selling consultation to answer any of your real estate questions.
Is Now a Good Time to Buy?
A client recently asked me whether now was a good time to buy. My answer was fairly simple, and I told this person that now is absolutely a good time to buy. I'm going to briefly list a few reasons why you should consider buying real estate in Porter Ranch.
- From December 2012 to December 2013, property values appreciated by 19.1%. This number comes from the San Fernando Valley, and it is an extremely promising number.
- For this coming year, we are only projecting an 8-11% increase, but those numbers are still very promising.
- One of the other things is that last year at this time interest rates were right around 3.875%, and currently they are sitting at 4.5% with just a little bit of teetering up and down.
- A 1% rise in interest rates on a $400,000 dollar home purchase can cost you upwards of $100,000 dollars on a 30 year term.
Give me a call and I can set you up with a lender, because even if you cannot buy at this moment it's good to know where you stand financially in the future. These decisions take a lot of planning, so you need to be on the ball.
Call me at (818) 267-7995 or email me at ericdelgado@kw.com