We were working with first-time home buyers and the first question they asked us was "When is it going to be the right time to buy?" They wanted an answer to when housing prices were going to be steady and prices leveling off and not falling anymore. Well our answer was that "no one has a crystal ball", but whenever YOU are ready, is going to be the right time!
No one can really be sure what the market is going to do next. We hear about the people that were smart and bought just at the perfect time, right? Well, if you choose the home you buy wisely, and that you can afford, that will be the perfect time for you. Buy a home when you are ready, and not when someone tells you that "the market is hot". This way, you will make the right decision based on which home you buy and you will have a much better chance of being "right!