As hopeful homebuyers await a desperately-needed change in the market, plenty of questions arise about the state of the real estate market.
A crucial part of finding the right home for you (as well as the right price) is timing. There’s a lot that goes into buying a house including availability, the job market, the housing market, interest rates and more.
“This is the most important question of all and the most common one I get during my buyer consultations,” “I always ask this question back: ‘What is your motivation?’ If I don’t understand the client’s ‘why,’ I won’t know their ‘how.’ Buying a home is never a one-size-fits-all approach.”
After all, there are myriad reasons to buy a home. Whether you’re downsizing, upsizing, relocating or looking for an investment property, understanding your specific circumstance is important to finding the right fit for you.
“Depending on [the buyer’s] situation and their financial abilities, each market has its own benefit to the right buyer, or the right approach,”. “That’s why pairing up with a real estate professional who is an expert in their market area as well as a great broker is crucial… for a successful outcome.”
Still, if you’ve been perusing real estate recently, then you know how much the market can fluctuate and are probably wondering if there is, in fact, a best time of year to buy a house. “It’s not about the time of year or where the interest rates are,” “Is there a best time of year to buy? I wouldn’t phrase it like that. It’s a matter of when the right house comes up and ensuring that you can comfortably make those payments.”