Is NOW A Good Time To Buy A Home? The Answer May Surprise You!

Real Estate Agent with RE/MAX Elite 513.520.5305 SAL.2002007747

the answer isn't blowing in the windAs Cincinnati area real estate agents we love helping area home buyers and sellers.  And while you might see commercials telling you "Now is a great time to buy!", it's not always that simple.  Fact is that decision is a very personal one and whether the answer should be Yes, No or It Depends needs to be tailored to your specific circumstances.

Part of our role as real estate agents is to provide you guidance to help you make the right decision.  Part of that process is asking a series of questions:

  • How long do you plan to stay in your home?
  • Where do you want to live? 
  • And closely tied to that is "What's your budget?".  And that's the REAL number you're comfortable with, not the maximum number the loan officer specified in your preapproval process.
  • What needs do you have for your home?  Do you anticipate those needs changing soon?  (perhaps the number of residents may go up or down in the near future)
  • Are you prepared for ALL of the expenses that come with owning a home?  (This question is particularly pertinent to a first time home buyer)
  • Can you make a down payment on a home, or do you need help with the cash?

That last question can be a deal breaker.  Depending on the type of financing used, the amount of down payment can vary.  If you've BARELY got enough cash flow to meet that number, how are you going to handle the routine things that happen with a home?  Appliances stop working, water heaters leak, trees fall down.  Unplanned expenses WILL happen and tapping your credit card can easily start a long slide that leads to big trouble.  We want our buyers to have a comfortable margin between what they can afford and what they pay so they can enjoy their new home for years to come.

So sometimes the answer to "Is NOW a good time to buy a home?" is "Not today".  But you know we'd love to help when the time is right.


Need advice on buying or selling a Cincinnati area home?  That's what we're here for!  Just give us a call at 513-520-5305 or email  We look forward to hearing from you! 

Serving Warren County Ohio's home sellers and buyers,

Liz and Bill aka BLiz


Posted by

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418


Search Homes:  Https://

Our Website:

 FacebooktwitterWordpressYouTube Pinterest






View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
Ohio Warren County
Ohio Active Rainers
Cincinnati Real Estate
Advice for Buyers
buying a home

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Bill and Liz... good reminder to prospective buyers that now might now be the right time for all sorts of legitimate reasons. Too many people have gotten into hardship situations because they didn't go through that thought process in advance.

Mar 24, 2017 02:18 PM #1
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Good post with a realistic view of the home buying process. We often when meeting with first time buyers let them know the costs of owning a home, they forget all the maintenance that is needed and often forget about closing costs and all the added costs that go with owning like insurance. It is hard to break the bubble but better now than later when they cannot afford what they have bought.

Mar 24, 2017 02:24 PM #2
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Bill: It really does come down to individual circumstances as to when buyers are ready to enter a real estate market.

Mar 24, 2017 02:43 PM #3
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

BLiz- I absolutely love your post.  Buyers read all the time about now being the right time to buy, and may feel some pressure to do so.  The right time to buy will be different for every buyer but when they're ready, yes, contact you!!!

Mar 25, 2017 09:23 AM #4
Liz and Bill Spear
RE/MAX Elite 513.520.5305 - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Nina, One of our goals is for our homeowners to be able to stay homeowners.

Nick & Trudy, Definitely best to get full knowledge of what they're getting into up front so there are no rude awakenings after buying the home.

Anita, There's no one size fits all answer for this question.

Kathy, We'll work with whatever timeframe is right for that individual.

Mar 26, 2017 04:27 PM #5
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Liz and Bill Spear

RE/MAX Elite Warren County OH (Cincinnati/Dayton)
How Can We Help You? Just Let Us Know!
Spam prevention

Additional Information