Did you know that in many cases it is actually less expensive to own a house rather than rent one?
In Skagit County, the average price of a home is around $247,250 while the average cost to rent a house is $1,463. Initially, the upfront costs of buying a house can seem like a lot more. Plus, thinking about a mortgage can be intimidating but with rent prices increasing and mortgages at an all-time low, now is the perfect time to consider buying that home you’ve dreamed of.
If you qualify for a mortgage, have the funds for a down payment, and intend to live in a home long enough to cover the transaction costs—you will be better off financially if you buy as soon as you can. After all, if you’re already tired of the house you’ve been in, that feeling is just going to grow!
Typically, summer is thought to be the best time to buy a house; the weather and school calendar make this a convenient season. Because most people consider that time as the right time, hidden gems that go up for sale in the winter are often overlooked.
So, if you are ready, consider looking for a home now instead of early spring. You will have more choices and less competition, and you can lock in today’s rates rather than risk rates increasing. Click here for wonderful winter options!
Skagit County Washington and Anacortes, Washington are great places to buy a home and with the market growing, now is a wonderful time to buy or sell! If you’re interested in finding out whether you can afford a home, contact Jean Groesbeck , Anacortes Living. If you would like more information on buying versus renting,read more about it here.