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How do I know if this is the right time to jump in?

By
Real Estate Agent with Realty ONE Group Advocates 484-237-2055 PA License - AB067198

There are lots of things to consider when buying a home, for the first time or if this is a resale and move up or down. 

        Market Conditions
        Interest Rates
        Buyer's market or Seller's Market
        Family dynamics
        Job demand

People often ask me, is this the right time to buy? My answer is usually along the following lines:

Why are you thinking of moving?

The answer to that question is really the answer to whether this is the right time to buy or move. If you have situations that require a move then this is the right time. Maybe a divorce, or a marriage, an addition to your family, an aging relative needing care, a new job in a new area, there are so many reasons.

You are the one who decides if now is the right time to move. All the external things like interest rates vary all the time. They go up and down, but when they go down you can always refinance. As the saying goes "Marry the house and date the rate!" Whilst we may not see rates as low as they were in the 2-3% range and more likely they will remain in the 6-7% range for the foreseeable future if you HAVE to move then now is the right time.

Owning a home allows you to build equity, rather than paying rent and allowing a landlord to build the equity, there are also tax advantages to owning a home, but with the rising prices we have seen over the last few years due to lack of homes for sale, the increase in equity is a strong reason to buy a home as soon as you can.

So, if you have a reason to buy a home on or around the Main Line or in Chester County give Nick Vandekar, Selling the Main Line and Chester County with Realty ONE Group Advocates a call at office 484-237-2055, cell or text 610-203-4543, or email to set up an appointment for a consultation on options and process at Nick@VandekarTeam.com. I look forward to working with you and giving you the confidence to make the right decisions throughout the transaction.

Posted by

Nick Vandekar
Nick is a Tredyffrin Easttown Residential and Commercial REALTOR selling The Main Line, Chester, Delaware and Montgomery Counties.

Giving you the confidence to make
the right decisions.

225 W Uwchlan Ave
Downingtown , PA 19335
Office 484-237-2055
SellingTheMainLine.com
Mobile: (610) 203-4543 [call or text me]
Email Me

 

My Blog

   

If you are buying or selling on or around
Tredyffrin Easttown or along the Main Line, 
I can help you, contact me.

Comments(17)

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Lew Corcoran
Better Living Real Estate, LLC - East Bridgewater, MA
Expert guidance. Exceptional results.

Thanks, Nick Vandekar, 610-203-4543, for breaking down such a critical topic with clarity! Your focus on personal motivations for moving really hits home, reminding us that the right time to buy often starts with our own needs and circumstances.

Jan 14, 2025 02:31 AM
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Thanks for sharing Nick!!! Great advice as always!!!

If you have situations that require a move then this is the right time. Maybe a divorce, or a marriage, an addition to your family, an aging relative needing care, a new job in a new area, there are so many reasons.

Jan 14, 2025 03:55 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nick,

Love your lead photo! You gave excellent advice on when its the right time to buy a home. Good question to ask "why are your thinking of moving?" That usually will help definite "when" is a good time.

Jan 14, 2025 04:27 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

All of that is certainly important, but when a buyer is ready to buy, it is the right time for them to buy!

Jan 14, 2025 04:54 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

It is never a bad time to jump in. Thank you for the great information. Have a fantastic week!

 

Bill Salvatore, Realtor

Arizona Elite Properties

#AZVHV / Arizona Veterans Helping Veterans

Jan 14, 2025 05:07 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Associate Real Estate Broker

With the way prices have escalated over the recent years waiting to buy would be foolish 

the way people live has taken a huge shift 

Jan 14, 2025 05:11 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Nick. Historically "time in" with skin in the game trumps trying to "time the market". Nice to think of the philosophy of "buy low, sell high". Want to time the market you need to be a participant. Enjoy your day.

Jan 14, 2025 05:20 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

So true. What's the reason for the move? That will answer the question as to whether or not someone should do it now.

Jan 14, 2025 05:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Good morning again, Nick... people who ask if it's the right time are often people who think they can time the market... and we already know that's virtually  impossible to do. As with many things in life, one just knows when it's time.

Jan 14, 2025 05:27 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Nick - the results from any self-examination may reveal that there are additional questions to answer.  And when it comes to making a move, those additional inquiries may help people find a proper path for decision making.  

Jan 14, 2025 05:44 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Lew Corcoran I think many people view Realtors in a bad light because they think we are always putting our needs ahead of theirs, but a good realtor does exactly the opposite by asking the important questions.

Sham Reddy CRS thank you.

Dorie Dillard Austin TX we need to ask the right questions.

Brian England that is very true.

Bill Salvatore - East Valley thanks for stopping by.

 

Jan 14, 2025 07:09 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Ed Silva, 203-206-0754 I agree, people are living differently to the past, sometimes out of necessity, some times out of habit.

Wayne Martin if you do not participate you can not make the equity improvements that many have made.

Kat Palmiotti that is the most important question.

Nina Hollander, Broker good morning, as you say it is almost impossible to time the market, you catch it due to luck and being a participant.

Michael Jacobs the more questions you ask the more you discover your motivation.

Jan 14, 2025 07:13 AM
Nina Hollander, Broker

Nick Vandekar, 610-203-4543 I did actually time the market perfectly once... but I realize it was total serendipity.

Jan 14, 2025 07:29 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nick, everyone has their own timeline and when it is time, THAT is the right time.

Jan 14, 2025 08:21 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Joan Cox that is the point, once we understand their motivation we can help them and if now is the right time, then it is full throttle ahead.

Jan 14, 2025 08:28 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nick- love your lead photo!!! And your answers are spot on. Ask yourself why you want to move. It's never a good idea to try to "game" the system or rates. 

Jan 14, 2025 08:11 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Loved your post and I am with Nina Hollander, Broker  her comment is spot on, Endre

Jan 14, 2025 09:06 PM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Kathy Streib trust your gut, you often know when the moment is right. When I was buying and selling antiques i often had to decide when to buy or sell foreign currency, one never knew if it was going to move against you or in your favor. In the end the rate was what the rate was on the day.

Endre Barath, Jr. it is impossible to time your moment to get everything to line up perfectly. I think all those who bought when rates were really low are thankful right now. But, even when rates were up in the teens and above people bought and sold houses. 

Jan 15, 2025 06:09 AM