Here are a few reasons why it doesn’t make sense for buyers to wait.
It’s no secret that the market is pretty crazy for buyers right now. Considering this, should you wait to purchase a home? We don’t think so, and today we want to go over a few reasons why:
1. Prices continue to rise. Prices are rising at a constant pace. If you wait, you are almost guaranteeing that you’ll pay more for the same house. Instead, buying sooner lets you take advantage of price increases by building equity.
2. Interest rates are rising. The Federal Reserve has announced rate hikes to combat inflation. Rates have already increased, and it looks like they’re only going up from here. Thankfully, they are still low from a historical perspective, so take advantage while you can.
3. Our market is moving fast. Many times, buyers want to think things over and sit on their decision for a bit. It’s always good to think things through, but don’t wait too long. Our market is moving lightning-quick, and the longer you wait, the less inventory we’ll have. You may not be as concerned about this point because you’re selling as well. While it’s true that the longer you wait, the more you could make on your sale, you will also be paying more for the house you end up purchasing.
We understand that buying in our current market can be stressful. If you want to discuss buying strategies, please reach out to us. We just had a great conversation with a potential buyer who was stuck thinking that she had to sell before she could buy. After asking a few questions, we found out that she had money in a place she wasn’t thinking about. Now she can use that money for her down payment and transition between homes much easier.
If you are looking for results, please call or email us. We’d love to help you in any way we can!
