My Blog

Clients often ask me whether now is a good time to buy a home. Taking into consideration the current market conditions with historically low interest rates and current houses for sale remaining unsold for a longer period of time, it presents an exceptional opportunity for the homebuyer. We are in a buyer’s market, which is caused by more homes for sale than there are buyers to purchase them.

Compare this to just a couple years ago when it was a sellers market, which created competitive bidding from multiple buyers resulting in many times the house being sold above it’s actual listed price.

There’s been plenty of doom and gloom in the housing market lately and we hear about it day after day on the news. The media always focuses on the negatives because that’s what sells air time or newspapers. However, for those who are in a position to buy the time is now. Why would you wait for it to turn around, which would mean higher interest rates and inflated real estate prices? As the market corrects itself, home prices will rise again, waiting to buy will mean buyers will pay higher prices and borrow at a higher interest rate. It’s time to BUY NOW!

There are many recent news articles and reports detailing the opportunity of buying a home now. Try searching the Internet with key words such as “time to buy home”, “time to buy house” or “time to buy real estate”.

Many buyers are looking for a chance to get into the real estate market, but simply can’t afford the price of some of the larger or newer homes. The good news is that the housing market has stabilized, making those entry-level homes more affordable. Purchasing an existing entry-level home also presents a great opportunity for homeowners that want to move up to their next home, which creates a domino effect to each seller.

Don't put off the opportunity to get into your new home. You can begin building equity and building your wealth at the same time. Real estate is a great investment and one of the best ways to build wealth while enjoying home ownership.