Should You
Buy a House
NOW?
Would you be surprised if I said "NO!"
Before you think about buying, ask the following questions:
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Do you have a stable job?
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Is there enough money in your savings account?
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Good credit?
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Overall financial stability?
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Money for a downpayment?
If your overall answer is “YES,” then consider buying but only if it's the right time for you.
According to Barbara Cochran, real estate billionaire and Shark Tank star, "Now is the time to buy before real estate prices explode when mortgage rates drop. Pent-up demand may end up causing a buying frenzy."
Barbara is right. The minute mortgage rates start to drop, you will see a buying frenzy unlike anything you've seen before. No one is talking about pent-up demand. Is it real?
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Prepare for Coming Trends
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Growing Families: Many families find that they need more room. The current house is too small. Sons? Daughters? They are reluctant to move. Who can blame them? No one saw this coming. Get ready. Mom and Dad are moving in.
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Working at Home: Remote work is becoming more common as families set up an in-home office. Now you need a bigger house. But that's not the end of it. Not only can you eliminate a long commute, but are able to move anywhere. They can trade your current house in an expensive area for a house in a cheaper area.
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Retirement Age: More couples are reaching retirement age and want to downsize.
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First-time Buyers: As the economy improves, first-time buyers will slowly re-enter the marketplace.
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Renters: Many renters are tired of renting and will look for another house.
Avoid the cost of waiting. Don't lose out. Find out why you should Buy NOW!
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