2016 will be a great time to buy a home in Florida

Now is a great time to get a mortgage

Even though the housing crisis of last decade still has us feeling down a little bit, and consumers are still wary of spending a great deal of money with uncertainty ahead, I can tell you from firsthand experience why it’s a good time to buy a home in Bradenton. Aside from all of the advantages of making this place your home, there are financial reasons why 2016 is looking to be one of the best times to get a mortgage and plant your roots. Here are just a few reasons why this year is shaping up to be better than the past:

Interest rates are starting to dip low

Historically, mortgage rates have been very volatile, but that has never been more true in the decade since the crisis. As of 2016, however, they are starting to dip low and stay there. As recently as the last few years, we’ve seen rates hit 5% or at least hover between 4-5%. Nowadays, it’s possible to get a 30-year fixed mortgage for under 4%, with some offering 3.5% in the local area. One percentage point can turn into big savings over the life of a loan. Money is cheap, and now is a good time to take advantage of that.

Prices are in the sweet spot

We all know that basic economics tells us that it’s good to buy low and sell high. What it doesn’t tell us, though, is that when prices are way low, that often indicates lack of demand. That’s why it is so cheap to buy a home in the middle of the desert. When nobody wants to be somewhere, nobody pays. In Bradenton, we are right in the sweet spot, and are one of the few places nation-wide that is. Our market is trending upward, but despite the amenities, affordability, and high demand, our housing is still affordable. What makes it better is that we’ve seen growth in recent times. So even though you might pay a little more right now than you would have a few years ago, it shows that prices continue to rise, making your home a good investment.

The cost of living is still below average

The national cost of living in the USA is still lower than many other developed nations in the world, but no doubt it keeps going up. Our cost of living in Bradenton is still below national average, especially when it comes to housing. When you add to it that our quality of life is much higher than the national average, it’s like a double whammy. A better life in a more affordable place. What’s better than that? Buying a home in Bradenton means a more affordable home, more affordable energy costs, and a better life overall.

It doesn’t matter if you are a renter thinking about taking the leap, or a family buying your first home, Bradenton is the place to do it, and I can help you. As one of the area’s most experienced realtors, I can tell you that now is as good a time as ever to get into the market. Now that you know why it’s a good time to buy a home in Bradenton, look to the experts to get you the home of your dreams.