Thinking of buying a home in Sunnyvale, CA but want to be sure the timing is right before you invest? Good news for you—now is a great time to get in the real estate game in the Silicon Valley. Here are 5 reasons to buy a home in Sunnyvale.
1. Home Values Are On the Rise.
As a buyer, that means two things. 1. That prices are the lowest they are going to be for a while (so buy now before homes get any more expensive) and 2. That your property value is expected to grow over the next few years. In fact, Zillow predicts as much as a 3.7% rise in property values in Sunnyvale over the next year.
2. Mortgage Rates Are Still Low
3. Sellers Are More Motivated
Spring and summer are typically considered the “hot” real estate seasons, so sellers placing their homes on the market in fall and winter are usually doing so for urgent reasons, such as relocation for a job. That means they want to get their homes sold quickly, and are often more willing to negotiate on price and closing date.
4. The Competition Has Died Down
Spring and summer home shopping can be a little hectic because it is the real estate hot season. You might fall in love with a house—only to have it snatched up by another buyer before you can even think of making an offer. But fall and winter tend to be a bit more relaxed and give you more time to shop, find, and make reasonable offers.
5. If It Makes Sense for You, Then the Time is Right
The bottom line is you can’t try to time the market. If you need a home and it makes sense for you in your current situation, then the timing is right. If you’re planning to stay for a while, your finances are stable, and you can comfortably afford a mortgage, then it’s time to consider buying a home.
Thinking of Buying a Home in the Sunnyvale?
If you’re thinking of buying a home in the Sunnyvale, CA, then it’s time to contact Gary & Robert. As your real estate guides to the Silicon Valley, we’re here to help you explore the area, find the perfect home, and relocate with ease.