The Best Time For First Time Buyers

Real Estate Agent with Arizona Elite Properties SA545073000
Original content by Matt Brady NMLS #311662

As a lender, I spend a lot of time helping First Time buyers qualify for a home of their own.

This is why I think right now is the best time for first-timers to buy a house.

When interest rates spike as they did last month and the market cools it is a blessing for those that are not in a position to compete with 15 offers and cash buyers. Everyone thinks they can outsmart the market and pride themselves on not buying when rates are up.

But now that we have a dip in rates due to banking issues you can buy a home at a reasonable price when prices are not going up 10% a month like they were in 2021.

You have a more attractive buyers' market and if you can get in and survive for a couple of years, it is likely you will be refinancing anyway.

I think this market is a blessing for first-timers as builders are selling their products at values under what they originally projected because they need to keep the pipeline flowing.

Sitting on the sideline and waiting for the market to recover may be a strategy for sellers but it just means more competition for folks trying to break into the market.

Matt Brady

Branch Manager, NMLS ID#311662

(858)342-8659 cell |  
8885 Rio San Diego Dr │ Suite 201  San Diego, CA 92108     


BIA SanDiego 19 year Member and P2 Sponsor


BIA SMCBoard Member since 2012





Comments (5)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

Matt has some great information for buyers and worthy of our Daily Re-Blog. Bill 

Mar 22, 2023 12:10 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Bill Salvatore - East Valley very good helpful report about the best time for first time home buyers.

Mar 22, 2023 01:14 PM
Dr. Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Timing is always imperative in this industry. Understanding the current market is key.

Mar 22, 2023 01:41 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bill Salvatore - East Valley I agree this is a great time for first time homebuyers to purchase a home, but it is also a great time for repeat homebuyers to purchase a home as well.

Mar 22, 2023 03:20 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Mar 23, 2023 07:46 AM