Considering Purchasing a Home in Newport Beach?

Considering Purchasing a Home in Newport Beach?

Are you considering purchasing a home in Newport Beach? There are many good reasons to consider investing in Real Estate in Newport Beach now.

1. Buyers Market: It is definitely a buyer's market right now. The home prices have declined, and this is creating excellent opportunities for home buyers. As a result, the affordability has increased giving many potential buyers the opportunity to realize the opportunity of home ownership. Many first time home buyers are now considering purchasing versus renting due to the lower prices.

2. Opportunities with Inventory: Currently there are 555 active properties for sale in Newport Beach. How does this translate to you - there are more selections available. There are more homes in different areas of Newport Beach, a greater selection and variety of custom designed homes that may suit your needs. When considering purchasing a home, one of the first things for a home buyer to consider are the home owner's needs. For example, consider the schools and school district if you have children, or a couple whose children have grown, may be considering down sizing to a smaller home or condo. If you want specific information about the neighborhood, ask me for a Neighborhood and School Report which will provide you demographic information, weather, crime statistics, and school information which may be pertinent to your home search.

3. Low Interest Rates: Interest rates are at historical lows and these rates may not stay at this level forever. If interest rates increase, then the affordability of the home may change due to the increased monthly payment. As a consumer, it is also important as a consumer to maintain excellent credit, as having better credit scores will usually help with the interest rate. If you need to consult with a lender, please contact me and I will refer you to a lender.

Overall, it is an excellent time to buy with the home prices, inventory and the excellent interest rates. There is excellent value right now, and if I can assist you with your home search in Newport Beach, Corona del Mar, Costa Mesa or Newport Coast, please feel free to contact me.

• Phone or Text: 949.280.0681
• Email: Spaxson@roadrunner.com