Most real estate agents would scream from the “Roof Tops” buy now no matter the market conditions! Our RiverWILD Real Estate Team would respond by saying… it depends.
If you’ve been thinking about buying a new home, housing economist like REALTOR.com say the week of September 29 through October 5, 2024 is the best time of the entire year to buy a home. This is according to a recent article on Realtor.com by Margaret Heldenry along with other economic experts.
Whether you’re a renter who has grown weary of paying someone else’s mortgage, looking to downsize, relocating to Johnston County, or simply ready for a fresh start from the home you purchased during the crazy Covid years, RiverWILD Homes has you covered with an incredible combination of favorable market conditions and builder incentives.
Life Events Drive Real Estate Decisions
Before we dive into all the reasons that could make you move, it’s important to understand life events will often dictate when to buy (and sell). Major life events (both joyous and sad) include:
- Birth of a baby (Diapers)
- Recent graduate heading to college (Diplomas)
- Joining households-Marriage (Diamonds)
- Foreclosure (Distress)
- Passing of a family member (Death)
- Relocation due to a job change
- Downsizing
- Renters ready to buy
- Retirement
Here’s why the week of September 29th to October 5th stands out above the rest.
Interest Rates Are at a Yearly Low
Mortgage rates have been trending downward, hitting their lowest point in over a year at around 6.21%. Lower interest rates can significantly impact your monthly mortgage payment saving you hundreds of dollars, allowing you to afford more home for less money. This could be your opportunity to lock in a rate, saving you thousands over the life of your loan.
More Johnston County Homes Means More Choices
Unlike other times of the year when you may struggle to find the right home due to low inventory, this week offers an abundance of options. Johnston County new home inventory is peaking. This means buyers have more properties to choose from. Over 56% of the total Johnston County inventory is new construction.
Whether you’re looking for a charming ranch-style home, or a spacious two-story layout, RiverWILD Homes has a variety of homes available right now. Be sure to view all of the RiverWILD Homes floor plans here.
More options means you’re more likely to find the perfect match for your lifestyle and needs.
Less Competition from Other Johnston County Buyers
With summer buying season in the rearview mirror, the Johnston County real estate market is quieter than usual. Fewer buyers are out searching for homes, which means less competition for you! Lower competition not only increases your chances of landing your dream home, but it also often leads to reduced upfront costs like lower due diligence fees and earnest money deposits. In short, buying now can save you both time and money.
Don’t forget, buyers who choose Johnston County over Wake County experience less difficulties buying a home! Read this post to see what we mean.
Unbeatable RiverWILD Home Builder Incentives
RiverWILD Homes is offering some of the most aggressive builder incentives to date with the 3 for FREE promo, PLUS a $2500 Visa Gift Card (given at closing). Exclusions apply and you must use the preferred lender. This offer is for current new homes (excluding pre-sales and design build homes). Buyers must go under contract during the week of September 30 through October 5.
Now you know why you can get more value for your dollar during this period. These deals make it easier than ever to afford more home and save on essential expenses!
Should you Wait? The Best Week to Buy Could be NOW!
The combination of historically low rates, peak inventory, lower buyer competition, and incredible incentives from RiverWILD Homes makes the week of September 29 to October 5 the most opportune time to buy your new home. The stars have aligned, and the window of opportunity is wide open, but it won’t last long.
On the Fence?
Maybe you have been on the fence about buying a new home. If so, this could be your moment! There’s a simple way to find out. Reach out to the RiverWILD Real Estate Team today to discuss your options. We’ll help you determine if this week is your time to take advantage of these unbeatable conditions. Who knows, you just might be in your new home before the holidays.
Don’t miss out—this could be your best week of 2024 to buy your new Johnston County home!