The market may have been volatile, but it’s now a phenomenal time to buy.
Despite what you might be hearing on the news today, it is a great time to buy a house. Today, I’m here to tell you five reasons why today is a better time to buy a house than it was two or three years ago:
1. Inventory is up. There are more homes on the market today for you to choose from, which is a great position to be in.
2. Homes are staying on the market longer. That means you’ll be able to see the homes that are available and make an offer without being in as much of a rush.
"Despite what you might be hearing on the news today, it is a great time to buy a house."
3. There's less competition from other buyers. Two years ago, we were seeing 10 to 15 multiple offers on a single house. That’s not the same today, which gives you a better chance of winning the home that you want.
4. Interest rates are still remarkably low. When working with our preferred local lender, we’ve seen clients get down to 5.5% for their interest rate, which is phenomenal. Historically, this is extremely low.
5. Buyers have more negotiating power. You may be the only offer on a house that's been on the market for some time, which gives you more leverage in negotiations, and that's always a good thing.
Don't wait—take advantage of these conditions today and go out and find the house of your dreams. If you have any questions about this topic or real estate in general, please reach out to me by phone call or email. I would be happy to help with all of your real estate needs.
