Reasons Why You Should Consider Buying in 2013

Are you planning to buy in the next few month? Here are some reasons why you should consider making your new home purchase in 2013.

1.     Rates continue to be low and are still falling and it may be easier to get a mortgage.  Though rates are slightly higher than their all-time low at the end of 2012, they are still an attractive option for many home buyers.  

2.     The cost of renting is higher than the cost of owning a home.  Recent studies have shown and many experts agree that home purchase can be up to 44% cheaper than renting, making home purchase more and more attractive.

3.     Home prices are still relatively low.  Although market trends vary from neighborhood to neighborhood, on a whole, housing prices have increased by only about 1%, making 2013 a great year to purchase a home.

4.     The opportunity to invest your money and build equity is now.  Investing your money into a new home purchase enables you to put your monthly payment towards equity.  With rates as low as they are and home values holding steady, selling in 5 or 10 years at a profit may make sense for you.