If I wait to buy a home, won't prices go down even lower?

Many buyers have been asking themselves that very same question. But timing the market isn't a great idea.

All the market fundamentals show that now is a good time to buy - prices are down,  interest rates are affordable, there are lots of homes to choose from and you can bargain with sellers.

If you try to wait and time the market until it hits rock bottom, you are likely to lose out. Just as no one can accurately predict the peaks and valleys of the stock market (name one person who sold their tech portfolio in April of 2000), the same holds true for housing. If you sit on the fence and wait for the absolute best deal, you could end up literally waiting for years. And most likely, your guess on market timing would be wrong. But if you choose to buy now, you will not only be in the driver's seat during the buying process, you will also reap the gains of price appreciation once you become a home owner. Remember, those who purchased homes in the early 1990s during the last big economic and housing downturn came out as big winners.

Whether you are a first time buyer or a move up buyer, I would be happy to work with you. When you are ready to make a move...just let me know!Lake Zurich/Hawthorn Woods/Kildeer/Long Grove Market Share Graph Happy Spring!

 

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Real Estate Agent: Kelly Sibilsky ~ Lake Zurich RE/MAX Real Estate Agent (RE/MAX Unlimited Northwest)
Kelly Sibilsky ~ Lake Zurich RE/MAX Real Estate Agent
Lake Zurich, IL
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RE/MAX Unlimited Northwest

Cell Phone: (847) 909-2337
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Enjoy tidbits about Lake Zurich, Barrington, Deer Park, Hawthorn Woods, Kildeer, Long Grove, and the surrounding communities in Illinois.

When you’re ready to move…Get Moving With Kelly…and start packing!


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