As home prices continue to rise along with mortgage rates, great opportunities can be missed. First you must ask yourself, does this make financial sense? Buying a second home will usually require a larger down payment than your first home. The interest rate may be slightly higher but still low as it will be a personal residence. Are you thinking about an investment property? If so you must take into consideration an even larger down payment and interest rate.
Sitting down and looking the picture as whole, the real estate market is definitely encouraging and filled with opportunities.
So what are you waiting for?
Find your Northern VA Home HERE.
Tiffany Jacobs- Realtor
Century 21 Leading Edge Realty
9200 Church Street #202
Manassas, VA 20110