Why waiting to buy might be the best option in today’s changing market.
Today I’m here to give you a quick tip for buying a home in today’s market. Right now, the market is in a state of change: Interest rates are rising, inventory is increasing, and buyers have a lot more options to choose from.
With that, there’s a palpable fear within the marketplace. My recommendation for most people, unless you’re relocating across the country, is to wait a little bit to see what the market does. When housing needs arise however, they don’t always do so in perfect timing with the market cycles. Sometimes you’re forced to make a move when conditions aren’t perfect. If you’re in a position where you can hold steady and wait a little while, that might be a good idea for you.
If you do have to buy right now, work with your real estate professional and find the best property for your needs and wants. Also, find a seller who’s willing to be flexible and pay some of your closing costs so you can buy down your interest rate. That way, your monthly payment can be more affordable, and you can get a better home than you could a few months ago.
If you have any questions, feel free to send me an email or give me a call. I’d love to assist you!
