Yes, that’s right! Horse properties are for sale at great prices for a limited time only!!
Everyone has heard about agents advertising that “now is a great time to buy” and getting a little tired of hearing it. It is true, though!
Just think about it. How long do you think the interest rates will stay this low? Eventually they will begin to climb. History has proven that.
If the interest rates climb by 1%, you will not be able to buy as much property for the same amount of money as you can now. If the rate goes up by 1%, you can afford 12% less. If the rate goes down by 1%, then you can afford 12% more.
For example, if you are able to afford $200,000 at 4%, then at 5% you can afford $177,000. The payments are the same for both. So, if you are qualified, wouldn’t buying now make more sense, while the rates are still low, instead of waiting?
It even makes sense for Sellers to sell their current home instead of waiting until prices go up. Once the interest rates rise, the Buyers will not have as much buying power as they do now. After all, Sellers, you are probably Buyers once your current home goes under contract or sells.
Of course, if you don’t have to sell, it doesn’t mean you should.
Whether you are a Buyer or a Seller, why not take advantage of this great real estate market if you can, and get more horse property for your buck?
Pennsylvania horse farms for sale