As some prospective buyers continue to wait on the sidelines for the market to hit the absolute bottom, they might want to consider the notion that price should not be their only concern. Cost, a reflection of the amount of the monthly payment, should be buyers’ primary concern. However, the monthly outlay is not only a function of how much buyers pay for a home, it is directly influenced by interest rates. With this in mind, buyers waiting for the lowest price may find that their monthly payments ultimately turn out to be higher owing to rising interest rates. As interest rates are projected to rise in the near term, buyers may want to keep this important factor in mind.
Now may be the ideal time to make a real estate purchase. If you are thinking about doing so, contact CENTURY 21 SEXTON & DONOHUE. We have a successful history of assisting buyers to find properties that meet their requirements and budget. To learn how you will benefit from our real estate knowledge, reach us today at (781) 665-6660. As members of the Multiple Listing Service®, we can show you most any property that is for sale in your desired communities. The office is conveniently located at 29 Essex St., just across the street from Shaw’s. We are "A Team Effort”. We will exceed your expectations!
HINT: The purchase of a home is not just an investment, it is a lifestyle choice.
CENTURY 21 Sexton & Donohue
