Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that Boston condos for sale prices will continue to increase at a rate of 4.8% over the next year. values will continue to appreciate. Waiting may no longer makes sense.

Boston condo values will appreciate

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a Beacon Hill condo for sale because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life

The ‘cost’ of a Boston condo for sale is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying a Boston Seaport condo and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a Charles River Park condo for sale this year, buying sooner rather than later could lead to substantial savings.

Boston Condos for Sale

504 Results
1
Beds
1
Baths
733
SqFt
(6)
 
 
#72475045 | Condo
 
4
Beds
2
Baths
1,951
SqFt
(18)
 
 
#72499090 | Condo
 
2
Beds
1
Baths
805
SqFt
(17)
Open House: Jun 22, 2019 12:00 PM - 1:30 PM
 
#72513376 | Condo
 
2
Beds
2 | 1
Baths
1,600
SqFt
(19)
 
 
#72514771 | Condo
 
1
Beds
1
Baths
682
SqFt
(12)
 
 
#72501274 | Condo
 
3
Beds
1 | 1
Baths
1,353
SqFt
(21)
 
 
#72507650 | Condo
 
2
Beds
2
Baths
1,231
SqFt
(18)
 
 
#72490863 | Condo
 
2
Beds
2
Baths
1,040
SqFt
(25)
 
 
#72499920 | Condo
 
1
Beds
1
Baths
775
SqFt
(11)
 
 
#72490017 | Condo
 
2
Beds
2
Baths
1,144
SqFt
(9)
 
 
#72495399 | Condo
 
1
Beds
1 | 1
Baths
1,120
SqFt
(20)
Open House: Jun 23, 2019 12:00 PM - 1:30 PM
 
#72496406 | Condo
 
1
Beds
1
Baths
778
SqFt
(8)
 
 
#72496755 | Condo
 
2
Beds
2
Baths
1,217
SqFt
(28)
Open House: Jun 22, 2019 1:30 PM - 3:30 PM
 
#72472590 | Condo
 
2
Beds
2
Baths
1,509
SqFt
(12)
 
 
#72474181 | Condo
 
1
Beds
1
Baths
815
SqFt
(12)
 
 
#72479952 | Condo
 
2
Beds
2
Baths
1,152
SqFt
(11)
 
 
#72483049 | Condo
 
1
Beds
1
Baths
1,018
SqFt
(7)
 
 
#72486153 | Condo
 
2
Beds
1 | 1
Baths
1,096
SqFt
(23)
Open House: Jun 20, 2019 5:30 PM - 7:00 PM
 
#72520525 | Condo
 
2
Beds
1
Baths
821
SqFt
(23)
Open House: Jun 23, 2019 11:30 AM - 1:30 PM
 
#72520659 | Condo
 
2
Beds
1 | 1
Baths
905
SqFt
(18)
 
 
#72461985 | Condo
 
3
Beds
2
Baths
1,344
SqFt
(26)
 
 
#72476985 | Condo
 
2
Beds
1 | 1
Baths
1,293
SqFt
(30)
 
 
#72508788 | Condo
 
1
Beds
1
Baths
884
SqFt
(14)
 
 
#72504192 | Condo
 
3
Beds
2 | 1
Baths
1,702
SqFt
(20)
 
 
#72515493 | Condo
 
© 2019 MLS Property Information Network, Inc. (MLSPIN). All rights reserved.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
MLS PIN data last updated at June 18, 2019 11:41 PM ET

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