Why Now Is A Great Time To Buy A New Home in Orlando, FL
At Dream Finders Homes, we know that home is more than just a place to cook your meals or get your rest. Now, more than ever, it's a place to relax, entertain, and enjoy your free time. It's where you turn for comfort and security — today, tomorrow, and down the line.
New Homes for Sale in Orlando
The best time to buy a new home in Orlando is when you are ready. The market will always change and pricing and rates will always fluctuate (in fact, pricing and interest rates are only expected to rise), so the best time is when you are financially and mentally prepared for homeownership. It's one of the best things you can do for your finances, stability, and peace of mind! If you're ready to move now, we have a large selection of homes for you to choose from, many ready and available to close in a little as 60 days. Choose from cozy single-family homes in Cypress Park Estates, proximity to golf courses and state parks at Talichet, or luxury estates in Bella Collina. There's also the natural beauty of Deer Island, the convenience of Haines City in Hammock Reserve, the pristine amenities of Hartwood Landing, and so many more options! Interest rates are still relatively low compared to pre-pandemic ones, but they are on the rise, which means your buying power will fluctuate, too. Here’s an example of how changes in your interest rate could impact your monthly payment: HOME PRICE RATE MONTHLY PAYMENT* $400K 3.25% $1,931 $400K 4.25% $2,113 $400K 5.25% $2,305The Best Time to Buy a New Home
The housing market has stabilized since building materials and products are a bit more readily available and demand has softened, but lumber prices are on the rise again, as are interest rates. You have more available home choices today than you did a few months ago, but as more people take advantage of lower interest rates, these are expected to sell quickly. And if you have a home to sell before you can buy a new one, it’s a great time to put it on the market. You'll get top dollar since home prices are still rising in Orlando . Remember, as interest rates rise, mortgage rates are expected to move up, too. That will influence both how much home you can afford, as well as how much you’ll pay over the span of the loan. You could be moved into one of our available homes in a few short months and start enjoying all the benefits of homeownership! * This is a sample scenario provided by a licensed mortgage consultant based on an average Dream Finders Homes' sales price of $400,000 with a loan amount of $320,000 using a 30-year FHA Mortgage with a rate of 3.25% would give a payment of $1,931/mo and APR of 3.36%. Payment scenario includes taxes, insurance, and mortgage insurance (if applicable). For specific information on down payment, credit, and loan scenarios, please contact your mortgage loan originator.Categories: Blog, Buying New, Orlando