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3 Surprising Reasons to Buy a Home in 2017

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If you’re going back-and-forth on whether you should buy a home in 2017, check out these factors to see if they might sway you one-way-or-another. The best kind of decision made, is an informed on – so stay aware of market fluctuations and changes.

The Search Experience Will be More Immersive

With the recent approval of drones, many real estate agents are offering buyers a 360-degree experience of their homes. Save time and get a full lay of the land. If you see something that is a no-go, like that the house is next door to a highway, you can mark the home off of your list without investing the time for an appointment.

The Suburbs Are Getting Urban Amenities

As 2017 rolls ahead, you’ll notice more suburbs becoming what is now being coined as “surban,” which is a new name for the suburban sprawl that is taking over large city borders. The difference is in the living style, which is more urban. Developments like townhouses, apartments and dense communities have been created and urban amenities have been expanding to these areas as well. This is good news for anyone who wants the amenities of the city, without the inconvenience of traffic or the price tag. John Burns Consulting expects nearly 80% of residential growth to occur in suburban communities over the next 10 years — up from 71% from 2010 to 2015 — compared to just 15% for “urban” areas through 2025.

Interest Rates Are Still Historically Low

Even with the impending predicted interest rate hike, interest rates are still at a historically low point. It’s important to watch what’s going on in the news and keep an eye on possible increases around the time you plan to buy. Always ask your mortgage broker or bank if you can rate lock.

And, as always, if you decide a move is right for you – Beltmann would love to help you make that move a reality.