When is the best time to buy a home? This is a common question for home buyers right now and rightfully so. The answer to this question is very simple; when you find a home you absolutely love and you can afford, then the looking is over.
Right now home values are down, and so are interest rates. The stars usually don’t align this way; in most real estate markets you get one or the other, this time you get both. According to Author and investor David Bach, there hasn’t been a better time to buy in the last 3 decades.
So, why is everyone waiting? The answer to that is, they’re not. Buyers are jumping off the fence and starting to buy. I also see many investors buying up the entry level homes and many are paying CASH.
Sure, others are waiting, there waiting because of fear, and also waiting to see if the market has bottomed out. But, by the time they figure it out, the market will have already been on an upswing, and they will also have to deal with inflation.
Right now investors are gobbling up homes and they’re ecstatic others are discouraged. They’re glad because buyers who are still on the fence, or scared to step up will soon be renting from them.
Listen, if you can’t afford a home this is no knock on you, but if you can – don’t jump but LEAP. Get pre-approved and start actively looking. These two things alone make you a player in the market. And once you’re a player finding the best time to buy becomes easy.