@natale_realtors Should I Buy Now? Break down the three factors that we always recommend when considering buying a home: Can you afford it? How safe is your job? Will the home fit you and your lifestyle for the next 5-7 years? Whether prices are up or down, interest rates are high or low, the factors to buy a home remain the same. It’s hard right now to even hit the first point. It’s simply hard for many to afford to buy a home right now with interest rates as high as they are. The truth is though, if you can, it could be a great time. While in a recession, employment concerns come up. If your employment seems rock solid, it could be a great time to move forward to buy a home. If the home fits your lifestyle for the next five to seven years, it will allow you to ride out any economic storm price wise and could make it a good time to buy. Even with uncertain prices ahead, it will still make a good time to buy if you hit all of these boxes and here’s why. We’re only a few short months from dozens of offers on homes, hundreds of thousands over the asking price, waived inspections, appraisals and everything else that was a contingency. Now you can finally get back to negotiating a great deal in your favor on some properties. Inventory is only shrinking so it seems like pricing shouldn’t correct much further. It could make now the perfect time to jump in. #buyingahouse #realestateadvice #realtortips ♬ original sound – Natale Realtors
Should I Buy Now?
Break down the three factors that we always recommend when considering buying a home:
– Can you afford it?
– How safe is your job?
– Will the home fit you and your lifestyle for the next 5-7 years?
Whether prices are up or down, interest rates are high or low, the factors to buy a home remain the same. It’s hard right now to even hit the first point. It’s simply hard for many to afford to buy a home right now with interest rates as high as they are. The truth is though, if you can, it could be a great time. While in a recession, employment concerns come up. If your employment seems rock solid, it could be a great time to move forward to buy a home. If the home fits your lifestyle for the next five to seven years, it will allow you to ride out any economic storm price wise and could make it a good time to buy.
Even with uncertain prices ahead, it will still make a good time to buy if you hit all of these boxes and here’s why. We’re only a few short months from dozens of offers on homes, hundreds of thousands over the asking price, waived inspections, appraisals and everything else that was a contingency. Now you can finally get back to negotiating a great deal in your favor on some properties. Inventory is only shrinking so it seems like pricing shouldn’t correct much further. It could make now the perfect time to jump in.