Top 4 Reasons to Purchase a Home….Right Now

Posted by Richard Eckert on Wednesday, December 16th, 2015 at 10:41am.

If you’re in the market to purchase a home in South Walton, here are four fantastic reasons to purchase Right Now!

Interest rates are low

Mortgage interest rates are still low – for now. An average 30-Year Fixed Rate loan is currently 3.95%, but these rates could increase at any time! Increased interest rates mean increased monthly payments!

Timing

This is absolutely the best time of the year to purchase a home. Most home buyers are focused on the holidays or traveling and NOT on purchasing real estate. This leaves sellers with very few home showings and even fewer offers.

As the weather gets warmer, more people come in to town looking to purchase real estate. More people, more offers. More offers, higher prices!

Inventory

Sales along 30a have been really good throughout the year. In 2015, Rosemary Beach sold more than 45 Homes, 18 condos and 5 fractional ownership properties. While Seacreast Beach sold more than 30 homes, 4 Condos and 12 lots!

As inventory dwindles, prices will continue to go up. Don’t worry, there are still some fantastic properties available. There are currently 35 homes for sale in Rosemary Beach and 11 condominiums.


Infrastructure

In addition to the Hwy 331 expansion, which will provide quicker access to and from the area, there are shops and restaurants being built around the eastern part (fastest growing section of the county) of Walton County. As these shops and restaurants open, it will draw more people to the area, further increasing the demand for real estate (driving up prices)!

There are also plans for a 36 acre South Walton Sports Complex on the eastern side of South Walton.

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