The home buying process can be as frustrating as it is exciting. Having to pass up on two or even three dream houses because the time just isn’t right can be highly discouraging. After all, you and your partner have been putting in the hours and making cuts—all to ensure that your savings account is nice and healthy for that moment.
You can’t help but ask, when is the right time to buy a home? Will it ever come? Or will you have to settle for rent year after year until retirement, when you can live the snowbird lifestyle?
The answer is that it will come. You just need to be patient and know what to look for. But what are the signs the time is right? Below you’ll find what we consider to be the top 7 signs it is the right time to buy a house.
When is the right time to buy a house?
The best time to buy a house is when the market has more homes for sale, the same houses are sitting on the market longer, and the asking prices begin dropping. This means there is more inventory, and the market you live in is shifting from a seller’s market to a buyer’s market.
That doesn’t mean we’ll leave you to figure things out from there. The trick is to develop a sound understanding of the home-selling market in your area. That does sound intimidating but easing into it helps you to understand the more complex elements.
And while it certainly helps to work with a trained agent, you can give yourself a good head start by looking for a few key details that tell you when it’s an excellent time to hire an agent in the first place.
7 Signs That It’s Time to Buy a House
So, what should you be looking for? Below you will find seven signs that tell you it’s the right time to buy a home. Keep in mind that each market is different and can work in various stages.
In other words, just because things are perfect for a buyer in one neighborhood doesn’t mean it’s true in the other. To ensure you land the home you want for a fair price, you need to be patient and wait till the time is just right for the home you want. [Read more…]