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Why Buy Now

When it comes to timing, you probably think that long-term saving for a down payment is a wise move. But did you know that by purchasing a new home, you’re building equity and receiving tax benefits just because you’re a homeowner? And the longer you wait, chances are good your dream home will increase in price. So what are you waiting for?

  • All Signs Point to Buy.

    You may hear it often, but right now, it’s the absolute truth. There’s never been a better time to buy a new home. Interest rates are at an all-time low and prices have never been better. It’s a buyer’s market.
  • A Home Is a Solid Investment.

    Over time, real estate is more stable than the stock market, and provides better returns. Historically, home prices have risen year over year, affording a distinct advantage to the homeowner over the long term. The average homeowner’s net worth is $234,200 compared with $5,100 for renters*.
    *Federal Reserve Survey of Consumer Finances
  • Affordability Equals Increased Buying Power.

    Prices are at historic lows and rates are even lower. When the two coincide, act fast and you can get a great deal. Lower interest rates allow you to buy more home for the same amount you were planning to spend when rates were higher.
  • Homeownership Has Significant Tax Advantages.

    Interest on your home mortgage is tax deductible. And if this is your first home, there may be additional first-time buyer deductions you can take advantage of. Both equal more take-home pay for you, just because you’re a homeowner.
  • New Construction Is a Great Investment.

    New homes need less maintenance than older homes and come with a warranty. In addition, major appliances, fixtures, and components are covered under their own manufacturers' warranties.

The Cost of Waiting Calculator

Use the calculator below to see how much you can save by buying a home now instead of waiting three, six, or twelve months. And if you’re ready to stop waiting and start doing, submit our online prequalification form to take the next step today. Let the doing begin.
  • Errors:
  • Home Price

    What is the listing price of the home?
    $
  • Down Payment Amount

    How much can you pay upfront?
    $
  • Current Loan Interest Rate

    What interest rate do you expect to pay for your home loan?
    %
  • Loan Amortization Period

    How long is the life of your loan, e.g., 15 yrs, 30 yrs, etc.?
    Years
  • Estimated Buyer Income Tax Rate

    What was your "tax bracket" on your most recent tax return?
    %
  • Estimated Annual Appreciation

    How much more will your home be worth in one year?*
    %
  • *According to HSH Associates, 6.9% is the average property appreciation rate recorded in the City of Madison from 2001 to 2005.
  •   3 Months 6 Months 1 Year
    Estimated Tax Savings (Refund) Loss
    Estimated Appreciation Loss
    Estimated Paydown of Loan (Equity)
    Estimated Cost to Wait

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