“Is now a good time to buy a house?” I get this question a lot. Many people are in homes with a large chunk of equity, a lower mortgage interest rate than today’s rate, or the home is completely paid off. They are not sure if they should make a move now or wait for a better housing market. The focus should not be on “timing the market”, but rather on “time in the market”. Home prices continue to climb, especially in our area. The sooner you purchase a home, the sooner you start the clock on appreciation and equity. If you are waiting on that dream home, remember the saying: “The best time to buy real estate was yesterday. The second best time is today.”
Selling Your Home Starts Long Before the For Sale Sign Goes Up
There are a lot of questions between thinking about moving and actually putting a For Sale sign in the yard. Where will you go? What is your current home worth? How much equity do you have? Should you make repairs or updates before selling? Do you buy your next home first or sell this one first? These are exactly the conversations I like to have with homeowners well before they’re ready to list. Because in my experience, a successful home sale starts long before the For Sale sign goes up.
