Is now the time to buy?

If you have been thinking about buying a home or an apartment, you might be interested to know whether this is the ideal time in the market to make your turn. The market is quick changing, with new laws becoming possibly the most important factor, loan fees are always rising, and an entire slew of things purchasers need to confront when it comes to picking the correct house.

What does that mean for you?

How about we identify the advantages of buying a home now, rather than pausing ?

1. Financing costs are rising... 

On the off chance that you haven't been staying aware of the land showcase, you may pass up the information around loan costs. They are going up, and they are going up quick. 5% may not appear to be a great deal, but rather can be the distinction between hundreds, or even thousands, of dollars on what you are paying out towards your advance on a month to month premise. 

Buying a home now while financing costs are at a low will be leverage. Exploit the present rates and buy a home that doesn't cost you additional due to interests.

2. Property prices are increasing 

Have you been finding that the cost of homes are going up? Well those costs will keep climbing. We additionally know that compensation are not expanding as relentlessly as the average cost for basic items. 

Obtaining a home in the present market can get you a greater and preferred arrangement on a house over if you somehow happened to hold up a couple of years. Particularly in hot city markets like Colombo , where costs are for all intents and purposes ensured to soar, making a move presently can spare you many thousands.

3. Competition is fierce!

Population growth is a real thing, and with more people, comes more competition for homes. Homes are selling faster, which means a high demand increases home prices.  This also means competing with multiple offers on the same home.  This will continue to increase, so even though it feels competitive to buy now, the market will only continue to see growth in population and the market will most likely remain in favor of seller's through 2018 also.