With mortgage rates rising, home prices bouncing back, and the housing market showing signs of recovery you might be anxious to jump in and buy a home now, while the getting is still good. But, just because it’s a good time to buy a home in general does not mean it is a good time for you to buy a home. Before jumping in, consider whether or not making this huge purchase now is truly in your best interest. One reason you may want to hold off is because inventory is tight in many markets which means that you may not find the right home for you. Buying a home that doesn’t suit your needs now will just leave you looking to sell and buy again in a few years. Holding off until you can find what you actually need is a better financial decision in the long-run.
Real estate is intended to be a long term investment so whether or not you get in at the “right” time isn’t the most important thing to focus on. Making the right choice for your family is more than just buying when the math seems best, it is choosing the best home for your family and buying when the time is right for you.
Thinking of buying or selling a home in Sussex County? Give us a call at Cooper Realty Associates and put us to work for you – 302-629-6693.