Why Waiting to Buy…Not Good for Your Wallet

Okay buyers, let me explain why waiting to buy is not good for your wallet.  The 2015 home buying season is in full swing and I continue to speak with buyers that want to “wait”.  Well, your waiting is going to cost serious dollars.  That house and  neighborhood you absolutely love , maybe out of your reach in a year or less.  In Central Texas, we are seeing historic increase in median sale values (i.e. prices are going up).  In  Williamson County alone, comparing 2015 to 2014 median sales price jump $30K.  As you can see in the following graph, the previous years we were seeing single digit increases in sales price year over year.  This year it is in the double digits.  If we continue on this trajectory the pool of homes in the first time home buyer price point will be pushed further north in Williamson county and out of Cedar Park.  So if you wait, be prepared to at least pay $200 more a month on a mortgage.  You don’t need a ton of money to get in your next home.  Talk to a professional that can educate you and separate the noise you find on the internet with reality.  If you have questions about the home buying process, contact me.

Williamson County Association of Realtors Monthly Stats

Williamson County Association of Realtors Monthly Stats

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