Purchasing a Home? Now is the Right Time to Buy

Purchasing a home is a huge and exciting step in life! Gerstad Builders understands that many of our clients are in different stages of their lives. If you’re wondering if now is the time for you to buy a home, the answer is yes!

Mortgage Rates are low!

First and foremost, a huge factor to keep in mind, mortgage rates are the lowest they’ve ever been! According to The Mortgage Reports, rates recently hit an all-time low of 3.23 percent on April 30, 2020. Rates have not increase since April. In short, today’s rates are the best they’ve ever been.

The housing marketing has been hit hard by COVID-19. This indicated by interest rates being the lowest since November 2012. With mortgage rates predicted to remain this low or even lower, now is the time to start looking for your perfect home. You don’t want to miss this opportunity to lock in at this amazing rate. If all goes as planned you could close on your new home before the end of 2020.

Since Gerstad Builders wants to make the homebuying process easier than ever for you—and that includes personalizing your home to your liking—we have a promotion going on in which you could receive up to $15,000 towards design center options for homes purchased in Liberty Trails or Bailey Estates!  If you sign a purchase agreement by July 31, 2020 and close by February 26, 2021 you will be able to take advantage of the offer. We have 10 offers available so act fast especially with interest rates at an all-time low.

Housing market shifts.

Often, huge shifts in the world also cause shifts in the housing market. Perhaps, as a result of COVID-19, you spend more time at home than ever before and you realize the lack of functional space in your current living arrangement. The previously mentioned $15,000 can help you design a perfect work from home office or an extra bedroom and bathroom for the multigenerational family. Especially if a nursing home is not a current option for your loved ones. 

As the world shifts, so do our needs. Whether those needs are for a bigger space, a desire to get out of the city and into a quiet community such as Liberty Trails, or leaving Illinois and moving into our Bailey Estates community in Southern Wisconsin, Gerstad Builders is here to help you throughout the home purchasing process.

With many home models available we have options that appeal to all types of homebuyers such as; first time buyers or homeowners looking to purchase a second or third home. Schedule an appointment with one of our expert sales teams to get the process started.

Featured Blog Posts

City Feature: McHenry, Illinois

Mailing List Signup