When is the best time to buy?

Let’s address the second question first.  The only real time you know you’ve hit the bottom is after you’ve already hit it and you’re looking back.  Hindsight is 20/20.   It’s important NOT to time the market, but for other reasons than just because everyone says it’s bad to try.  Think about it.  Skilled traders time the stock and commodities markets all the time, so why not Real Estate.  The difference is their market times.  Day traders are called that because they trade within a day. Commodity traders may make moves in weeks or months at the longest.  Real Estate is sold in YEARS but the MARKET moves in months.  So you could mistime the market by a month for a moderate term investment that you are stuck with for 2 years.  Talk about compound interest! 

So when is the best time to buy?  Hey, if you ask me, anytime.  Of course, I am bias! 

Seriously, the best time to buy is when you have a need and the budget to do so, not before, not after.  If you are paying rent and are in a stable situation, then buying makes sense.  If you are adding members to the family through newborns or in-laws… AND you need a bigger space you might think buying makes sense. 

However, if you just heard that down payment assistance is going away and you want to scramble to get a home even though you just filed bankruptcy 2 years ago and you just got divorced ….ect, then maybe now is NOT the time to buy. 

If you buy within 30 days of this post, the good news is that it is REALLY, REALLY hard to buy WRONG in this market. 

Call me if you have questions at 770-374-4667.