You’ve been dreaming of summers out on the lake, of winters cross country skiing through untouched woods, of springs spent biking through lush forest and falls admiring the rustic display of changing colors. You’ve been dreaming of finally purchasing a vacation home in Cable, WI, but you’re just not sure the time is right.
5 Reasons to Buy a Home in Cable, Right Now
Fortunately, now is a great time to buy a home in Cable! Here are five reasons why now is the time to stop dreaming and start buying.
Home Prices are Still Low… But Rising
If you want to make sure you’re getting the best deal for your home, now is the time to get in on the market. Home prices are still low, but they’re definitely on the rise. Which makes it a pretty good time to buy low… then sell for more in the years to come. There’s a 3.2% price increase predicted for this year alone.
Mortgage Rates are Lower… but Rising
Like home prices, mortgage rates are also still low (though they’re not as near-historically low as they were back in 2016), but definitely on the rise. They’ve already risen from below 4% in 2017 and are expected to climb to over 5% by the end of the year.
More Homes are Hitting the Market
In recent years, we’ve seen a shortage of homes on the market, making it difficult for buyers to find the home they want without overpaying. But as we get into the spring and summer seasons, more and more houses are popping up for sale, plus new construction homes are making a reappearance as buyer demand stays strong. This means there are more options than there have been in the past.
You Plan to Stay in One Place
Maybe you’ve been renting in the same neighborhood season after season or you’ve been eyeing some real estate around a particular lake you love to fish. If you’ve got a spot picked out you know you’ll love and want to stay (or return to, season after season), then it’s probably a good indication you’re ready to stop renting.
You’re Ready to Buy
You’ve got cash set aside for a down payment, you’ve got plenty of extra income for that monthly mortgage payment, and your financial future looks stable. Plus, you’re ready to stop dreaming about that beautiful lakeside home and finally go out and get it!
Ready to Buy Your Dream Home in Cable, WI?
If you’re thinking of buying a home or vacation home in Cable, then it’s time to contact McKinney Realty. We’re here to help you explore the area, discover its beautiful neighborhoods, and find the perfect home for sale. We can answer all your questions, help you with vacation and waterfront homes, and more.