Stop trying to time the housing market is the seventh segment of our House Buying Tips series:
When buying a house, don’t be too hasty to sign the papers–even if it seems like the perfect house. Many people get so focused on planning their lives in a potential new home that they may not look at other factors that could reveal some undesirable qualities in a new house. Do your homework first! Knowing how to bid, issues to walk away from, issues to utilize as a bargaining tool, or know if the timing is a factor will make you a well-informed buyer. We have gathered some of the best home-buying tips we’ve seen so you can get the most out of your money! Spending your time and energy trying to time the housing market is likely to be more of a stress than a strategy. Don’t try to time the market is our house buying tip #7.
Buying Secret # 7: Don’t Try to Time the Market
Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out.
At Stonebridge Mortgage, we thoroughly go over an applicant’s financials and find out what loan amount is appropriate. We will not put an individual at risk for default by overestimating his or her payment capabilities. Click to learn about our Real Estate Loan Integrity.
SRC: Click to read more house buying tips.