A home creates a deeper sense of purpose and place. Real estate is likewise a super smart investment. Have sense and sensibility when considering your real estate options. If you are financially ready, now's the time to buy in Broken Sound Club. Trying to time the market perfectly can lead to indecision and missed opportunities. There's no guarantee that interest rates will drop or prices will come down. The big gamble is that if and when prices drop and mortgage rates come down from their elevated levels, those factors invariably lead to increased competition and higher home prices.
Lower interest rates are not a boon for homebuyers because it means you face more competition from other homebuyers vying for the same property and the risk of a bidding war for a home you want increases. If you wait until the market shifts, you may find yourself competing with a lot of other buyers, which may drive prices higher. If you wait too long, you could be putting yourself in a worse position once you are ready to pull the trigger, especially in the more desirable neighborhoods and for more desirable homes.
I always tell potential buyers who are financially ready that when you find a community you like, such as Broken Sound Club in Boca Raton, don't delay. It's wise to buy in the best neighborhood because you're buying into the community. Your value will go up faster and it will be a sound investment.
Prospective homebuyers fall in love with the award-winning amenities and services at Broken Sound Club, whose recently completed clubhouse renovation includes an impressively appointed, 130,000 square foot main clubhouse with indoor and outdoor dining, a two-acre poolscape and bistro, and a lifestyle-centric signature retail shop as well as expanded men's and ladies cardrooms.
It's better to purchase a home than to continue paying rent costs, which will rise. The winter months see an uptick in renters, many of whom come to South Florida seeking a property. Be mindful of the risks associated with waiting too long: The fact is that when you rent, you are never getting that money back and you are paying the landlord's equity. You want to own a hard asset that will appreciate and keep its value as opposed to just paying somebody else's mortgage.
Fortunately for buyers, mortgage rates have retreated from two-decade highs. Now, with mortgage rates below 7%, non-cash buyers have much more flexibility. They can refinance down the road to help manage money more effectively as well as take advantage of lower interest rates. Refinancing a mortgage can help homeowners achieve their goals and remember, you can always refinance when rates go down but you can't refinance a purchase price.
Find your dream home. Make your move. As a leader in Boca Raton's luxury real estate market, I would be happy to walk you through any financial considerations of buying in Broken Sound. Do not delay; call me at 917-952-7822. I have an array of distinctive properties for sale with different home sizes and styles. View them all here and contact me for a private tour.
