Purchase Your Home at an Affordable Price this Spring

There are many great Los Angeles and San Fernando Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (818) 491-4580 for a FREE home buying or selling consultation to answer any of your real estate questions.

Is Now a Good Time to Buy?
A client recently asked me whether now was a good time to buy. My answer was fairly simple, and I told this person that now is absolutely a good time to buy. I'm going to briefly list a few reasons why you should consider buying real estate in Porter Ranch.

• From December 2012 to December 2013, property values appreciated by 19.1%. This number comes from the San Fernando Valley, and it is an extremely promising number.

• For this coming year, we are only projecting an 8-11% increase, but those numbers are still very promising.

• One of the other things is that last year at this time interest rates were right around 3.875%, and currently they are sitting at 4.5% with just a little bit of teetering up and down.

• A 1% rise in interest rates on a $400,000 dollar home purchase can cost you upwards of $100,000 dollars on a 30 year term.

So, to answer your question, now is absolutely a good time to buy. Interest is rising and home values are too, so if you want to buy you need to do it soon if you want to do it affordably. If you haven't done so already, you should go ahead and get Pre-approved.

Give me a call and I can set you up with a lender, because even if you cannot buy at this moment it's good to know where you stand financially in the future. These decisions take a lot of planning, so you need to be on the ball.

Call me at (818) 267-7995 or email me at ericdelgado@kw.com