Thinking of buying a home, but on the fence whether to buy now or next year? Then this article is a must read for you.

What If I Wait Until Next Year To Buy A Home?

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 5.5% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.5% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

More reasons why buying is better than renting!

Buying a Home is 36% Less Expensive Than Renting Nationwide!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up to 46% in Houston (TX), and 36% Nationwide!

Other interesting findings in the report include:

• Interest rates have remained low and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.

• Some markets may tip in favor of renting if home prices increase at a greater rate than rents and if – as most economists expect – mortgage rates rise, due to the strengthening economy.

• Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to discuss the best course of action to get you into your dream home!

Maracay Homes at Warner Groves in Morrison Ranch Grand Opening Saturday, February 6, 2016!

Welcome to Morrison Ranch in 

Gilbert, Arizona!

Tim Ehlen 602-320-7056 

Stacia Ehlen 602-330-3379 

We live here. We work here. We play here.

NO ONE HAS SOLD MORE REAL ESTATE IN MORRISON RANCH IN 2015 THAN US!*

To learn more about The Ehlen Team, Your Morrison Ranch Specialists you can visit us at www.TheEhlenTeam.com or 

www.facebook.com/morrisonranchaz

Maracay Homes is grand opening their models this weekend Saturday, February 6, 2016! They will offer two series of homes in the Morrison Ranch community! They will have Marquis Series homes on 9,100 square foot lots and Artisan Series on 6,000 square foot lots. Both communities within Warner Groves will offer incredible lot locations near parks and green belt areas.

Marquis Series link:

http://www.maracayhomes.com/arizona-new-homes/marquis-at-morrison-ranch/

Artisan Series link:

http://www.maracayhomes.com/arizona-new-homes/artisan-at-morrison-ranch/

Act now as they anticipate selling quickly and prices will increase and incentives may decrease as they sell through the community. Contact us at 602-320-7056 for more details and learn about the builder grand opening promotions. 

Bring us with you on your first visit to the models and take advantage of our $1,000 closing cost credit (disclosed settlement statement) and take advantage of our exclusive Buy & Sell Program putting THOUSANDS more in your pocket when you buy and sell a home using us! Our services are at NO COST to you when we represent you on a new construction home.

Contact your Morrison Ranch Real Estate Specialists for more information about the 

Warner Groves (NW Corner of Higley & Warner) or 

Elliot Groves (SE corner of Elliot & Recker) communities 

in Morrison Ranch to set up a showing of the model homes!

Bring us with you on your first visit to take advantage of our $1,000 closing cost credit** on new construction homes in Morrison Ranch. We will help negotiate the best terms on your behalf as a Real Estate Professional and help you throughout the home buying process from start to finish. We have done all the research to save you time and money, have established relationships with the builders and the sales agents to ensure you get the best service possible. Our services are FREE to buyers! Bring us with you on your first visit to take advantage of our exclusive Buy & Sell Program that will put THOUSANDS of dollars back in your pocket! We have put over $42,000 back in our clients' pockets this year with our Buy & Sell Program!

Have a home to sell? 

Contact us and ask about our exclusive Buy & Sell Program putting THOUSANDS of dollars back in your pocket! 

Visit www.BuyandSellProgram.com for more details.

Maracay Homes - Warner Groves at Morrison Ranch Now Open!

Maracay Homes had their pre-grand opening today and I stopped in to take a look at their larger series. They are beautiful!!

If you or someone you know is thinking about moving to Morrison Ranch, 
Contact The Ehlen Team at 602-320-7056 today!

And don't forget to ask about our $2,000 closing cost credit for new construction homes at Warner Groves. This awesome credit is combinable with our EXCLUSIVE Buy & Sell Program- putting THOUSANDS more in your pocket!! Visit www.BuyAndSellProgram.com for more details.

Contact your Morrison Ranch Real Estate Specialists for more information about 

Warner Groves at Morrison Ranch 

602-320-7056 or info@TheEhlenTeam.com 

We live here. We work here. We play here.

December 2015 Home Sales