Should I buy a New Home Hillsborough County Florida

Should I buy a new home? Should I buy a new home now?

Well if your asking yourself this question, then chances are you have been in an inner struggle for some time. Renting month to month… Year after year tends to lend to these very questions.. Should I buy? Should I become a homeowner? Is it the right time?

Well according to Lawrence Yun, chief economist of the National Association of REALTORS (NAR), the housing market is taking a turn for the best and proved that in 2012. All homes sales showed significant gains opposed to the previous four years.

Yun states that “the huge federal budget deficit is likely to push up borrowing costs and raise inflation well above 2 percent.” He continues to say, “Real estate will be a hedge against inflation, with values rising 15 percent cumulatively over the next three years, also meaning there will be fewer upside-down homeowners…and, he also states, “Today is a perfect time for moderate-income renters to become successful homeowners..”

If you have the ability and the credit to buy, this is the time. Homeowners will experience a great leap in home equity, while renters may experience higher rent due to the even larger margin in the distribution of wealth contributed to by these economic conditions.

So to answer the question should I buy a new home???? Now? Your best answer is is the time.

Now the questions are, How much do I need down? What are the interest rates?

In Florida we have seen trends of builders taking a bigger role in making it easier to for people to become home buyers. Builders have more leniency to offer more to the new home buyer. Whereas traditionally, a new home buyer would need a 3.5% down payment, 3.5% in closing costs, appraisal and inspections fees, now a builder, in some instances, “foots the bill” if you will. Leaving the home buyer will little or no out of pocket money. In some cases, some builders are offering interest rates as low as 2.85%, paid closing costs, no down payment, and to pay the fees associated with building a house. There is no longer the so called “hassle” of building your own home. This option is now becoming the preferred way and can offer so many other perks such as, thousands in upgrades and prepaids.

So the new question should not be “if’ it should be …”when”.

Should I buy a New Home Hillsborough County Florida

Kim Sells South Shore

Kim is an energetic real estate professional who is extremely knowledgeable in the South Shore communities, including those of Bradenton, Lakewood Ranch & Riverview Florida. As well as, I live, work, and play in the surrounding areas that encompass St. Petersburg, Bradenton, and Lakewood Ranch. I have a great rapport with all the local new home builders in these South Shore communities and can assist you with all your new home buying needs. Besides being a professional Realtor, I am a mom and a former Hillsborough County School Teacher. If you would like to leave me your contact information or have any questions I can help you with, please feel free to contact me at 813-546-9725 or fill out the form below and one of our team members will contact you right away.

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