Albany P Jones is one of Greensboro’s Top Real Estate agents, For Those looking to buy a home in the Greensboro area — We sat down with Albany to get a pulse on if now is still a good time to buy.
The Greensboro Real Estate Market
Jones shares that the real estate market in Greensboro, North Carolina, has been experiencing steady growth over the past few years. Furthermore, Albany went on to say that the demand for homes has increased in the area over the last few years, which has led to a rise in prices steadily. While this may seem like a disadvantage, it is actually a good thing for buyers especially while the housing market has started to cool down with rates rising. By purchasing in today’s current climate, buyers can lock in a lower price and plan to refinance their mortgage in the future as home growth continues to rise in the years to come and rates eventually stabilize.
Out of State Buyers & Investors
Albany also went on to share some of the benefits for out of state buyers looking to move to Greensboro, North Carolina. Jones shares that Greensboro is a beautiful place to live with a great quality of life. The town has excellent schools, beautiful parks, and a variety of shopping and dining options. By purchasing a home in Greensboro, you will not only be investing in your future but also in the community.
Long-term Investment
Buying a home is a long-term investment. It is essential to look beyond short-term fluctuations in the market. When you purchase a home, you are investing in your future. Not only will you have a place to call your own, but you will also be building equity. Over time, the value of your home is likely to increase, and you will be able to take advantage of that appreciation when you decide to sell.
In conclusion, Albany shares that despite higher interest rates, now is still a good time to buy a home in Greensboro. Additionally, interest rates are still historically low, and buying a home is a long-term investment in your future. As a real estate expert, Jones encourages potential buyers to consider purchasing a home now.
