If you’ve been wanting to buy a home, there may be no better time than right now. While the idea of mortgage interest rates on home loans may not be the most thrilling topic to come to mind, these rates play an important role in the home buying process.
- 1) Mortgage interest rates have been very low for a staggering amount of time
- 2) The Federal Reserve Bank appears primed to raise interest rates very soon
- 3) When this inevitable interest rate rise happens, you’ll pay more for your home loan
So with those three topics in play, let’s discover why now may be the best time for those looking to buy a home in the northwest Arkansas area of Bentonville!
Supply: One of the biggest factors in being able to find and buy the home of your dreams simply comes down to finding the one home you want to call your own. Northwest Arkansas has a bevy of new listings on the market with new developments springing up all the time. As a result, now is one of the best times for you to move to or settle down in this area!
Demand: Not to be outdone by an overreach of supply, the demand for Bentonville real estate also remains solid. Many longtime residents are giving up their older homes that they’ve made improvements to in order to find solace in another new area development. Speculators and other real estate investors have staked their bets and are hoping to capitalize on an impressive real estate market. Finally, there is just so much development in this area that the demand is inherent in the region’s overall success!
Broker: A home is probably the biggest purchase you’ll make, and you’ll need expert help to make sure the process goes smoothly. The Burnett Real Estate Team, led by Cody and Christiane Burnett, are the best partners in the area. With so many years experience in this market and plenty of contacts on all levels, any member of the Burnett Real Estate Team is one who’d you want to have in your corner.
If Northwest Arkansas is a place you have begun honing in on and you need some help in your plans to buy real estate, the Burnett Real Estate Team is here to help. Give them a call, send an email or check out their website to see if these real estate pros can help to make a “For Sale” house the one that you buy and turn into your new home!