Are you trying to decide if it’s time to get into the Real Estate Market? You’re not alone.
One of the first questions we’re often asked when meeting with potential buyers is “Do we think home prices are going to be going up, or down in the Future”? While you may think it’s an easy question to answer, the truth of the matter is, unless we owned a crystal ball that could accurately tells us the future, (which sadly we do not), then any answer to that question would really be our best guess. While we can agree, thanks to modern day technology, there is flood of predictions and suppositions available to us to ponder on, we prefer to deal with the known facts.
The first one being, that no one, no where, has ever mastered “Timing” the Market 100% of the time. There are some people who have gotten lucky now and then with the buy low, sell high, take a profit and run investment strategy. But if “Timing” the Markets were predictable and easy, then we’d all be named Warren Buffet.
The Second, is that although Home values and interest rates may fluctuate, the basic need for Shelter never changes. We all need somewhere to call home, therefore, there will always be a time to choose whether to rent or buy a home.
Thirdly, Home Ownership is a long-term investment in your personal financial future. As, unlike a stock that can be bought and sold in the same day, when you buy real estate, you’re most likely not looking to sell it again the next day.
So, instead of asking us whether or not we think home prices are going up or down in the short term, we think there is a much better question to be asking of yourself; “Whose future are you Planning for?
Realistically, you are either Planning to invest in your future through home ownership, or you are Planning to continue investing in your landlord’s future retirement. Understandably, renting a property in order to have a place to call home is a very necessary step for the majority of the population. However, with some solid planning, it could only be a pause in your living arrangements along the journey to home ownership. Not a place you stop and take up permanent residence. If you’re committed to a plan that includes budgeting for monthly expenses and setting aside a sum for savings, then you’ve already decided investing in your future is the priority. Way to go!
Now, if you’re still trying to decide whether or not it’s time to get into the Real Estate market, we have another Question we’d like to ask you; “What are you waiting for?
While we can’t predict the future of home values, we do Know the Value of Owning your Own Home. So, if you’re ready to put your plan of home ownership into action, let’s chat!
INFORMATION HEREIN DEEMED RELIABLE BUT NOT GUARANTEED