The Cost of Waiting

Don't let this be you!

The Cost of Waiting,… is now the time?  Over the last 2 years  we have seen a tremendous swing in the housing market. A market we all took for granted for many years is now struggling through a correctional phase that economists are writhing to predict the end of. What was once a “no brainer” decision to invest in Real Estate now has many potential homeowners sitting on the sidelines waiting and watching for things to turn around. Is this the right decision? Maybe. Is this the wrong decision? Maybe. There is no guarantee in any investment, but one thing we do know for certain is that if history tells the future then my money is in Real Estate. Historical Data from Fannie Mae concludes that Real Estate in the USA has increased at an average rate of 3-5% over the last 30 years. Note that is an average. Some years we have seen large swings up and others large swings down, but in the end the curve has been in the positive. 

The High Cost of waiting is proven in the mathematics. While you could be holding out for property values to decline – you could end up paying much higher costs in the form of interest based on the Federal Government’s impending policy changes to our country’s interest rates. So while you may be able to wait 6 months and possibly get your home for 20-30K less, a 1% higher interest rate on a 400K home could  cost you upwards of 100K over the life of a 30 yr fixed mortgage. 

Not to mention, by waiting a year, you are losing the tax deductibility of homeownership which could mean thousands of dollars depending on your tax bracket, as well as the notion of spending another year living somewhere you would rather not be. 

My cost of waiting analysis will help you to analyze the numbers and make an informed decision if now is the right time for you to buy. I have invested hundreds of hours and thousands of dollars with my team acquiring data pertaining to Real Estate value in Oregon.  I am also working closely with several local Realtors ensuring each neighborhood in your target area is represented by a seasoned professional to solidify you negotiating the best possible terms for your investment.

I look forward to working with you, and remember- it is worth the cost of waiting?