Figuring out when to buy a house can be one of the trickiest steps in the entire home buying process. When it comes to such a large and important investment, you want to make sure that you have the timing right. Like many parts of life, in real estate timing is everything.

So how do you know if now is the right time for you? Let us help you figure it out.

 

Are You Ready to Buy a House?

First, determine if you are ready to buy a new home. Are you financially ready to support the costs that come with buying a new house? You should also think about the future- if you aren’t planning on staying in the same spot for a few years, you probably shouldn’t be buying a home. Ultimately, if you aren’t ready to buy a home, nothing else really matters.

 

Does Season Matter?

Many people believe that the best time to buy or sell their house is in the spring. However, that’s kind of a myth. While the market does get really busy in the spring and there are more options, it also means that there is more competition and more offers. There are lots of great options at other times of the year, and because the market slows down at those points, you have better chances to negotiate a better price.

 

Timing the Real Estate Market

We often hear many people talk about waiting for the market to slow down to buy a home or when interest rates are lower. This is referred to as timing the real estate market. The truth is that the housing market is hard to predict. When it’s hot, you could wait until it dies down and prices come down, but by that time you can’t guarantee that you’ll find a house to buy that you really want.

 

Ask a Real Estate Agent

Your best bet is to work with a real estate agent who will give you the best and most realistic advice about your situation. We know the market inside and out, and we also know what a not-so-confident buyer looks like.