Liz Toles, REALTOR® asked:
If you are looking to become a first time home buyer in Lethbridge, Alberta, now may be the time for you to make your move. Conditions are favorable for first time home buyers and now is as good a time as ever to get into the housing market. Here are 3 great reasons to get onto the property ladder and start building your real estate portfolio:
1. Huge Selection – Right now there are 660 homes for sale in Lethbridge (including single family detached houses, 1/2 duplexes and condominiums) Can you say selection! This doesn’t even include homes for sale in the nearby communities such as Coaldale, Coalhurst and Nobleford. Buyers are able to look without pressure and with plenty of time to make an unhurried, informed decision.
2. Interest rates are still low – At the time of writing, the prime lending rate is just 4.75% and with fewer buyers looking for homes (compared to this time last year), banks and mortgage brokers in Lethbridge are willing to work hard to earn your business.
3. Even with the inflation of home prices, there is still great opportunity to be had. Many buyers may feel that perhaps their opportunity to buy has passed… not true! If you are single and can’t qualify for a mortgage on your own, you may want to partner up with a like minded individual and purchase a home together, or consider buying a home with a suite in the basement that could generate some income. If you dont’ have a down payment, you may look at having a family member gift it to you or look into programs such as The Home Program. Low vacancy rates (less than 1%) have rental prices creeping up so get into home ownership and quit making your landlords mortgage payments!
The best time to plant a tree was 20 years ago… the next best time is today. The same goes for purchasing a home, so get in touch with your REALTOR® and make your move while the water is still warm!
Franklin
If you are looking to become a first time home buyer in Lethbridge, Alberta, now may be the time for you to make your move. Conditions are favorable for first time home buyers and now is as good a time as ever to get into the housing market. Here are 3 great reasons to get onto the property ladder and start building your real estate portfolio:
1. Huge Selection – Right now there are 660 homes for sale in Lethbridge (including single family detached houses, 1/2 duplexes and condominiums) Can you say selection! This doesn’t even include homes for sale in the nearby communities such as Coaldale, Coalhurst and Nobleford. Buyers are able to look without pressure and with plenty of time to make an unhurried, informed decision.
2. Interest rates are still low – At the time of writing, the prime lending rate is just 4.75% and with fewer buyers looking for homes (compared to this time last year), banks and mortgage brokers in Lethbridge are willing to work hard to earn your business.
3. Even with the inflation of home prices, there is still great opportunity to be had. Many buyers may feel that perhaps their opportunity to buy has passed… not true! If you are single and can’t qualify for a mortgage on your own, you may want to partner up with a like minded individual and purchase a home together, or consider buying a home with a suite in the basement that could generate some income. If you dont’ have a down payment, you may look at having a family member gift it to you or look into programs such as The Home Program. Low vacancy rates (less than 1%) have rental prices creeping up so get into home ownership and quit making your landlords mortgage payments!
The best time to plant a tree was 20 years ago… the next best time is today. The same goes for purchasing a home, so get in touch with your REALTOR® and make your move while the water is still warm!
Franklin
