Have you aver heard the phrase "He who hesitates is lost?". Depending on your circumstances this can be very true. Market conditions are always changing. When the crowd thinks the market and rates are favorable there's a rush to sell and buy. When the crowd thinks the market and rate are unfavorable things slow way down.
But, do you know what many others and I have learned? People buy and sell real estate in all kinds of markets. High inventory, low inventory, high interest rates, low interest rates, high prices, and lower prices.
So when's the best time to buy that piece of real estate? Only you can answer that question. There is one condition I recommend. Be prepared by arming yourself with market information and professional advice. Being prepared helps you to avoid that hesitation that could cause you to lose that one property you wanted.
Here are 3 questions to consider.
Some Highlights
- If you’re wondering if you should buy now or wait, here’s what you need to know.
- If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d get ahead of that and have the chance to start building equity.
- Should you buy now or wait? Connect with a real estate agent and talk through it together, so you can make your best decision.
Thank you to KCM for compiling this information
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