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Today we are going to talk about whether it’s a good time to buy a home in South Carolina. We think it’s an excellent time to buy, and here are a few reasons why:
- Property values are going up again. This is good news for sellers and a helpful push to buyers that have been on the fence. What you can buy for a dollar today may cost $1.50 in a few months.
- Interest rates are primed to increase. They haven’t gone up yet, but a simple 1% increase on a $200,000 loan will increase your monthly mortgage payment by around $120
If you’re thinking about buying in the near future, this might be the time to go and start looking. In the winter months, sellers are also a little more willing to negotiate because of the decreased number of buyers.
If you have any questions, or want to start looking at homes today, give us a call or send us an email. We can’t wait to hear from you!
