Adolphus Hawkes Realtors, LLC.

"Experience you can Trust"

Call Today to Buy, Sell or Invest in a Home.

[email protected]

  • About
    • Adolphus Hawkes Realtors
  • Testimonials
  • Property Listings
    • Featured Properties
    • MLS Search
    • Laurel MD
    • Beltsville/Maryland City MD
    • Greenbelt MD
    • Silver Spring MD
    • Wheaton MD
    • Washington, DC – NW
    • Washington, DC -NE
  • Marketing
    • Adolphus Hawkes Realtors, LLC
    • Marketing Vision and Goals
  • Resources
    • Advice for First Time Buyers
      • Search Neighborhoods and School Information by Zip Code
      • Mortgage Calculator
    • Selling your Home
      • Price your Home to Sell
      • Selling a home
      • Reverse Mortgage Information
    • 7 Tips for a Profitable Home Closing!
    • Laurel Maryland Real Estate Broker License in District of Columbia
    • Tax Saving Tips for Home Owners
  • Blog
    • Sellers Information
    • Buyer Information
    • Victoria Falls Community
  • Contact
  • Washington D.C.
  • Prince George’s County
  • Montgomery County
  • Howard County
  • Anne Arundel County

Ask the Experts – Should we wait to buy a home?

Ask the Experts – Should we wait to buy a home? By all means  – No, the time to buy a home is now!

With below market interest rates and the below average market inventory today maybe the opportune time for buyers to make the move to a new home. The Federal Reserve has delayed increasing the interest rate for fear of disrupting the future growth of the economy. Mortgage lenders eager of offer a variety of mortgage loan programs to suit your family financial status. In this current market the greatest risk to potential home buyers is to wait to jump into the market to buy a home.  Buyers should always be actively looking to buy a home at bargain or below market price.  A mortgage lender will determine your buying power by retrieving your credit report, reviewing your credit score and debt ratios compared to gross income. Here are some facts to consider:

 

  • Home prices in the DMV have risen 3 to 8%. Prices nationwide are projected to appreciate by more than 18 percent by 2019.

 

  • Supply of Homes are Shrinking Rapidly: Home prices are determined by the a number of factors, e.g., supply and demand and below market interest rates. Inventory of homes in the DMV have dropped tremendously from nine to ten months inventory to less than three months today. Homes that are priced at the current market value are selling faster and at top market dollar.

 

  • Current interest rates continue to hover around the 4 percent range and expected to increase 5 percent by 2016. This gradual increase will lock a number of potential home buyers out of the market.

 

To provide future stability and build wealth for your family why not look into obtaining a mortgage loan now to begin the wealth building process. Within the State of Maryland alone there are many loan programs and grants that will provide down payment and closing cost assistance to help you own a home today!

The Federal Housing Authority (FHA) mortgage loans allow buyers to purchase a home with 3.5 per cent down and buyers can ask the seller to pay some or all of their closing cost.  Sellers can also pay all of a veteran closing close – no questions asked!

Ask the Experts – Highly suggest that you contact a mortgage lender or give us a call for a referral to a senior mortgage officer today.

For a free market report or snapshot go to our website www.ahawkesrealtors.com and complete the request for more information form. Or, give us a call on 301-483-8073!

Filed Under: Ask the Experts - Adolphus Hawkes Realtors, First Time Home Buyers Tagged With: First Time Home Buyers, Homes for sale in DC, homes for sale in Laurel MD, Senior Living in Laurel MD

Account Login

Categories

  • Ask the Experts
  • Ask the Experts – Adolphus Hawkes Realtors
  • Buyer Information
  • Central Parke at Victoria Falls
  • Central Parke at Victoria Falls
  • First Time Home Buyers
  • For Sale By Owner
  • Foreclosures
  • HAFA Short Sales
  • Home Buyers
  • Homeowners Information
  • Income Taxes Information
  • Laurel MD
  • Loan Modification Process
  • Mortgage News
  • Our Blog – Adolphus Hawkes Realtors – First Time Homebuyers
  • Our Blogs
  • Sellers Information
  • Sellers Information
  • Selling home
  • Selling your home
  • Selling your home
  • Senior Living at Victoria Falls
  • Senior Living at Victoria Falls
  • Testimonials
  • Victoria Falls Market Watch

Buyers & Sellers

Find My Perfect Home
What is My Home's Value?
Help Me Relocate

Areas of Expertise

  • Washington D.C.
  • Prince George’s County
  • Montgomery County
  • Howard County
  • Anne Arundel County

Social

  • Facebook
  • LinkedIn
  • Twitter
  • Vimeo
  • YouTube

Contact Us

Adolphus Hawkes Realtors, LLC

7404 Doublerock Ct.
Laurel, MD 20707
Fax: (301) 483-8085
Email: [email protected]

Real Estate Site Map