Many would-be buyers are missing out on opportunities that could leave them on the sidelines for at least the next few years out of fear over the current interest rate environment. In Coral Gables, Merrick Manor’s final few available condominiums are ideal for those who opt to take a “buy now, refinance later” approach.
A new report from Bankrate examines whether now is indeed a good time for a residential purchase. In the article, experts explain why buying today allows for immediate equity building and avoiding anticipated price increases.
“If a buyer finds a property they would like to call home, they should not delay,” says Stacey Froelich, a broker with Compass in New York City. “You cannot time the market, and a home should be a long-term investment.”
Another expert, Melissa Cohn of William Raveis Mortgage in Connecticut, warns that “when mortgage rates drop and more buyers come back into the market, home prices will rise. Remember, you ‘Marry the house and date the rate.”
Take it from the pros: now is the time to talk to your lender about the options available to buyers, such as floating rate mortgages. Don’t put your dreams on hold any longer!
Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit our Model Residence 527 on the at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. Open from 11 a.m. to 5 p.m. on Monday through Friday and weekends by appointment.
