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Do You Know the Cost of Waiting?
May 5, 2017 | Mac Rogers
Some buyers have this notion that if they wait for the market to go down, they will be better off. First of all no one knows when and if the market will go down. Second, there are also other factors to consider when you do this. For example, if you wait for 1-2 years, you would have missed out on the 1-2 years of equity appreciation. You would have also lost out on possible tax benefits of owning a home.
There's also interest rates to consider. Can your level of savings/down payment keep up with the pace of interest rates raising and home prices that keep appreciating? Keep this in mind. #brokermac