Should I Wait to Buy?
Frankly, you should place your personal needs and dreams ahead of trying to time the market. Would a new home improve your home life? Make you feel better? Help you feel settled? Or raise so much fear that you couldn't be happy? There is a lot more to owning a home than buying at the lowest price.
The questions "Should we buy now? Why not wait for prices to fall?" are legitimate. The main consideration in buying is whether or not you intend to stay 5 years or more. If you will be in your new home for any length of time, then trying to time the market is almost irrelevant since the overall trend in San Diego real estate is toward growth.
Short term -- a year or so -- prices can go down or up a modest amount.
But long term -- they have been going up for nearly a 100 years!ALSO, consider that if interest rates increase, you will actually pay more IN THE LONG RUN.
Call me to talk about your dreams: 619-337-3119
The questions "Should we buy now? Why not wait for prices to fall?" are legitimate. The main consideration in buying is whether or not you intend to stay 5 years or more. If you will be in your new home for any length of time, then trying to time the market is almost irrelevant since the overall trend in San Diego real estate is toward growth.
Short term -- a year or so -- prices can go down or up a modest amount.
But long term -- they have been going up for nearly a 100 years!ALSO, consider that if interest rates increase, you will actually pay more IN THE LONG RUN.
Call me to talk about your dreams: 619-337-3119
posted by Burl Hogins | 10:01 AM
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