There are many great Bucks County area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (215) 519-1399 for a FREE home buying or selling consultation to answer any of your real estate questions.
Why It's a Great Time to Buy in Bucks County
In my last segment I talked briefly about why it's such a great time to sell real estate here in Bucks County, but today I will be discussing why it is also a good time to be buying real estate. - Interest rates are still historically low: It appears that by the end of this year that interest rates may rise to 5.5%. While these are still affordable rates, it will cost you thousands of dollars over the lifetime of a loan compared to the rates that we have currently.
- Inventory will be Rising: There is not a lot of inventory in the Newtown / Bucks County market right now. However, I expect this to change as spring approaches and the weather warms up. It may take some time, but we will see more properties come on the market.
- In relation to inventory - home prices in this market have not wildly appreciated yet. We saw a 3% increase last year, and while we may be heading into an appreciating cycle, we're still not seeing a wild rise in home prices.
- If you're buying...you need to be prepared to act quickly. Get your finances in order, speak with a lender, and when you see a home that fits your needs, don't hesitate to jump on it. We're not seeing multiple offers on homes just yet, but it's good to come into a market as prepared as possible.
Hopefully this has been helpful information to all of my potential buyers in the Newtown / Bucks County area. If you would like to set up a time to discuss real estate or your goals in finding a new home, feel free to give me a call.
I can be reached at (215) 519-1399 or you can email me at marty@martinmillner.com.
