While February isn’t usually the month many people choose to list their home, consider buying a home, or both, it might be something to consider this year.
If you are considering selling your home, the Missoula area real estate market currently has low inventory. The people that need to purchase a home sooner, rather than later, are picking homes amongst a much smaller pool than they will be in the spring and summer months. And while many sellers want to have their yards and flowers looking top-notch for showings, it might be worth weighing the pluses and minuses of waiting.
If you are considering buying a home, and can find a home that you like and want, the benefits to locking into an interest rate now are definitely valuable. Also, the sooner you get into a home, the sooner the appreciation on that home will start. According to some economists, homes are projected to appreciate 4% by the end of 2015. This blog at KeepingMattersCurrent.com is very eye opening in this regard: Click Here. It shows the “cost of waiting” with regard to buying the same house now vs. the end of the year (if predictions are correct).
Let us know if we can be of assistance!