Tuesday, January 22, 2019

Buying A Home In Hilton Head SC

This post tackles owning a home and why you must consider it for your family. More importantly, it discusses the things you must take note of when buying a residential property this year.


Factors To Watch Out For When AcquiringA Home This Year in Hilton Head


Homeownership continues to be a huge part of the American dream. Many families in the United States-- whether they are just starting or having a growing one-- are no longer satisfied with renting another person's home. If you've been daydreaming of having a house of your own for many years now, then 2019 should be the year for you to make it happen.

Even though some experts forecast that the housing market may continue to slow down this 2019, others believe that the real estate market is significantly healthier and is safe to invest in. With that in mind, there's no reason to suspend your house-buying plans any longer. Before making the plunge in the market, there are some things you should consider. You must watch out for these two: interest rates & inventory.

Ask Our Hilton Head Team To Know More.
Call 843-384-7300!

Interest Rates For Home Acquisitions


Mortgage interest rates had increased much in 2018 yet made a reversal by the end of the year. This 2019, it is predicted that the Federal Reserve could raise the interest rate three times and is anticipated to reach up to 5%.

How could interest rates affect you when buying or selling a house? Changes in interest rates significantly impact your monthly housing costs. It also influences your purchasing power or the amount of home you can pay for with your money.

Though a higher interest rate could be daunting, it signifies a healthy economy. A robust economy likely means more people are getting higher incomes and will be inclined to buy a new home.

Inventory of Homes


Real estate inventory is the number of homes available for sale and serves as a sign of the current market. There should be enough supply of houses for sale for six months to have a balanced or normal market. If the inventory is less than four months, it is favorable for sellers while more than nine months in favor of buyers.

According to the National Association of Realtors, listing inventory is currently at a 3.9-month supply. The low inventory has triggered the home prices to rise for the past years. On the last six months, an improvement in the inventory of homes for sale was documented.

Discover The Best Hilton Head Real Estate Agent



best real estate agents hilton head sc
If you choose to invest in a house with assurance, check that you have a reputable and knowledgeable local real estate agent. Charles Sampson Group of Charter One Realty is a trusted Hilton Head Real Estate Agency with several years of experience under its caliber.

Charles Sampson is a multi-awarded Hilton Head Real Estate Agent who can help you navigate the adjustments in mortgage interest rates and inventory in the Hilton Head Area. Whether you are buying your first home or selling your starter house in Hilton Head, we will offer you with choices that better match your situation and tastes.

Call 843-384-7300!

81 Main St # 202, Hilton Head Island, SC 29926, USA
843-384-7300

Article reference: Keeping Current Matters: (https://www.keepingcurrentmatters.com/2019/01/02/excited-about-buying-a-home-this-year-heres-what-to-watch/).


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