Why now is a good time to buy

Posted on February 7, 2024 by Garber Communities

Fishermans Cove 4

Have you had your eye on the market, looking to purchase a new home? It can be hard to know what time is and isn’t right for a buyer in the housing market. You have to consider a variety of factors, from interest rates to competition and supply and demand.

While the news might not make it out to be the best time to buy, it is ultimately about what is best for you. Think you’re ready for a place of your own? Here are some reasons why now could be a good time to buy.

Start building equity

It’s true that interest rates are still high. But it’s also true that across the U.S., and especially across Florida, rental rates are climbing, too. Depending on your financial situation and what you’re looking at for a mortgage, renting might not actually be saving you much. Plus, when you buy, you immediately start building equity, meaning the money you pay is going toward a place of your own, not to someone else.

Beat the competition

If others are discouraged from the market by interest rates, pricing or availability, you might be able to find your perfect home before conditions change and more buyers enter the market. With a fresh new year and winter conditions elsewhere in the country, there can also be hidden gems before the weather warms up for the faster summer market. And there are deals out there to be had. At Garber Communities, for instance, we’re currently offering free lot rent at a few of our properties for new buyers.

Build the lifestyle you want.

When it comes down to it, a big benefit to buying right now is you. When you buy, you can start that new chapter and start building the lifestyle you want. Maybe you live up north and you want to escape the weather and start that snowbird life in one of the 55+ communities in Florida. Or, maybe you want to stop sharing walls as a renter and up the privacy with your own space. You might even be looking to downsize, cut some home maintenance or up your access to amenities.

All of those are reason enough to look for a housing change. You might decide that even with the current market, the benefits of buying now outweigh the challenges. And it might not be as hard as you think.

At Garber Communities, we have several properties available right now, from brand-new manufactured homes in Florida for just about $200,000, to modern, open concepts homes under $100,000. We have communities all over Florida, each with its own personality and amenities.

In the end, it really comes down to this: Are YOU ready to buy? If you are, we’d be happy to help you navigate the market and find the perfect place for you. Check out our available properties here or call 407-949-8629.