Save Not to Buy When Time is Right - Save Time to Live

Good morning, Patricia... this is such good advice. I'm always running into people who want to "time the market precisely." There is no way to do it... not in housing, not in the stock or bond markets, etc. I always tell them if in retrospect they timed it just right, it was more luck than skill.

Good morning Patricia Feager ,

It's always a conundrum when trying to make the decision to buy a home. The best answer is "when you need it". Circumstances change, kids grow up leaving you with a big house you no longer need, time to downsize. More babies are born and you need more space, time to look for a bigger home. People divorce and home style changes. Trying to time the market usually never works..take the plunge and make the change you need!

I think the time to buy is when one is ready to buy, so much is lost in trying to pick the perfect time.

Patricia good advice.  Most of the country is in a rising market, which means waiting will cost more money.  Buyers can get into the home of their dreams for a minimal down payments. 

I don't think the calendar should dictate when a buyer buys their dream home.  There are homes available all year long.  There is no time like today to start your home search and maybe be in by the holidays!

I teach agents to have the money to buy investment property. One day I hope they will remember me for what i was able to do to help them retire.

Hello patricia Feager,  Ben Franklin had it right in his saying.  I just dad two closing yesterday and both people are so happy now.  I love to make people happy.

When is the best time??  As an LO, I'd say that is an answer specific to the potential home buyer, Patricia Feager.  Years ago, we used to be able to make a fairly broad statement regarding a "best time".  Currently, that's just not possible and shouldn't be attempted.

So many things enter into finding an answer.  (Personal finances, housing market, how long they will remain in the home, and so many more).  Like a fingerprint, the answer is not going to be the same for any two people.  Only after a detailed examination and analysis will you have anything close to an answer.  That said, it's ALWAYS a good time to have that analysis performed.  That way you know where you stand ... and how to plan moving forward.

Sorry for the long comment ...

Gene     

Patricia we're seeing a trend with younger folks. They're not buying homes as much as they had before. They are spending a lot of money on trendy restaurants, night life etc and not saving much. They also want to be living 'in the popular' areas and those prices are high - too high for most of them. So they rent....when they're ready or they figure it out that building equity makes sense (all things being equal), they'll start saving and buy.

Patrica

Save time to live is a powerful statement.

Good luck and success.

Lou Ludwig

Smart consumers are anxious to take advantage of the current very low mortgage interest rates.