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4 reasons to call your local real estate professional NOW if you plan on buying a home within the ne

Finally, you are getting closer to the reality of owning your own home. You’re thinking maybe two years down the road you’ll be signing the papers and taking the keys to your new property. That means, for the next 18 months or so, you don’t have to do anything...right?

Actually, if you are planning on buying a home within the next two years--whether that’s a month from now or 24 months from now--you need to begin taking action on that decision sooner rather than later. That might sound like an exaggeration, but this article will surely prove otherwise.

#1 Reason to Start NOW: Mortgage Rates

By far, the number one reason to get this process started as soon as possible is the current national average mortgage rate. It is lower than it has been in quite some time, but that’s expected to change very soon as the housing market rebounds.

As of June 2018, Bank Rate has confirmed that mortgage rates are on the rise, increasing for two straight weeks so far with more increases expected to come throughout 2018 and beyond. What does that mean for you? It means that waiting it out could end up costing you a lot more money in the long run. Even just a .02% increase, like the one seen in the past couple of weeks, could cost you thousands more in interest over the life of your loan.

#2 Reason to Start NOW: The Slow Process

Buying a house isn’t as easy as many first-time home buyers might think. In fact, even seasoned home buyers always seem to be surprised, and frustrated, by just how long it takes between starting your house search and actually moving in to a new home.