Are you planning on buying a home but aren’t sure if you should wait to start looking until after the Holidays? You’re not alone. Many people are debating if they should buy a home during the end of the year because the next two months are going to be busy with Holiday events like Thanksgiving, Christmas and New Year’s.
Regardless if you buy a home now or wait for the next 2 to 4 months, the reality is that your decision to purchase a home right now all depends on your personal situation right now.
If you’re In a Position to Buy a Home Right Now
Let’s say that you’ve been pre-qualified for a mortgage loan, have money saved for a down payment on a house, know what type of home you’re searching for, and your job is secure, then there is no reason why you shouldn’t buy a home now, especially when the right property shows up.
When it comes to Real Estate the reality is that we know what the market is doing right now, but when it comes to next year nobody knows what’s going to happen.
Next year we’re going to have a lot of change, including a new President and that transition could also bring an increase in interest rates. So it makes sense to buy a home now, especially with mortgage interest rates still historically low, because we may not see interest rates this low again.
If You Have Some Uncertainty about Buying a Home
Uncertainty is never a good thing when buying a home because a home could be one of the biggest investments that you may make in your life.
You shouldn’t move forward with buying a house until you’re absolutely certain that your finances, credit, and job are secure because lack of certainty could mean that you don’t get pre-approved for a mortgage loan, or worse, you could pay more for a home than what you would if you were to wait a few more months and take that time to boost your credit score or save more money for a down payment.
Let Us help you buy a Home
Regardless if you plan on buying a home in the next 6 to 24 months we want to be a part of your home buying journey and are here to serve you!
Learn more about the home buying process, or view homes for sale by contacting Fred Sed Realty today by calling us at (800) 921-9231 or connect with us at FredSedRealty.com.