Many buyers will continue saving their money throughout the year and wonder as each season passes – when is the best time to buy? Aside from any personal reason that may be driving you like a job change or the like, the right time can be now. Here are 4 great reasons why this fall is the perfect time to buy your next home instead of waiting.

Prices are rising – According to a recent report from CoreLogic, home prices have been appreciating over the last 12 months by nearly 7%. This same report speculates that prices will continue to increase at a rate of 5% over the next year. The bottom line is real estate appreciates over time so getting involved sooner than later is usually best.

Mortgage rates will rise – The Primary Mortgage Market Survey from Freddie Mac shows that interest rates have remained around the 4% mark in recent months. Many experts including the National Association of Realtors, Fannie Mae and The Mortgage Bankers Association all forecast that rates will rise over the next 12 months.

You are paying a mortgage either way – While some may be reluctant to take on a mortgage, the reality is you are already paying one, it is just not yours. Unless you are living for free with a friend or family then you are paying your landlord’s mortgage. Another way to look at a mortgage is that it is a forced savings plan. As you pay down your principal you are building equity that you can tap into later in life, ideally during your retirement.

It is time to move on – The cost of a home is really boiled down to a couple of things. The price paid for the home and the mortgage rate which will determine the amount of interest you pay to borrow the loan. Both have been increasing lately. Regardless of this fact, one thing is for certain is time goes on and building equity for the future is something you should get moving on now rather than later.