Menu
We’ve all been there—waiting for that perfect moment to make a move. You might be holding out, hoping mortgage rates will drop or home prices will fall. It’s tempting to try to time the market, but here’s the truth: waiting for the perfect time rarely works.
There’s No Such Thing as the Perfect Market
No matter when you decide to buy or sell, there will always be some benefits and some trade-offs. And you know what? That’s totally okay! It’s just the way the market works. If you’re not sure about that, let’s take a quick trip down memory lane.
A few years ago, mortgage rates hit historic lows. So many buyers rushed in to lock in those low rates, and as a result, homes flew off the market. The downside? With fewer homes available, bidding wars became the norm, and home prices skyrocketed. Buyers got great rates, but they had to deal with some pretty intense competition.
Fast forward to today, and things look a little different. Mortgage rates are higher, and home prices are still elevated, but here’s the flip side: there are more homes available now than there have been in years. You’ll have more options to choose from and fewer chances of getting caught up in a bidding war. Again, every market has its trade-offs.
So, What’s the Right Move?
If you have a reason to move and can afford to do so, now is a great time to take advantage of the factors that work in your favor. You might not find the “perfect” time, but you can make the most of what’s happening in the market right now.
As Bankrate puts it:
“The complexities of the current conditions mean that, now more than ever, it’s smart to lean on the guidance of an experienced local real estate agent.”
That’s where a trusted real estate pro comes in. The market might be complex, but with the right help, you can navigate it successfully.
How a Pro Can Help You Find the Right Path
Even in today’s market, your goals are still within reach. A good real estate agent will help you get creative with your options—whether that’s exploring smaller housing types, considering homes that need a little TLC, or expanding your search area. Your lender can also walk you through different loan options and down payment assistance programs to help make your move more affordable.
As Yahoo Finance advises:
“Buying a house at a time when both mortgage rates and home prices are favorable is a challenge. You probably shouldn’t try to time the housing market… Buy when it makes sense for you personally.”
Bottom Line: Make Your Move When It Makes Sense for You
The truth is, there’s never a “perfect” time to buy or sell just the time when you are ready. Every market comes with its pros and cons, but the key is knowing how to make the most of the current conditions. If you’re ready to move and can afford to do so, let’s connect. With the right guidance and the right tools, we’ll make your move a reality.
