Thinking of Buying?
September 3, 2020 Source: Compass
In such an unusual year, many of you are still trying to figure out if now is the right time to make a move.
I’d like to share with you a couple of the sentiments that I’ve been hearing amongst my agent network for buyers who are sitting on the sidelines:
1. Its likely prices will go up because of inflation. After an unprecedented government stimulus, expect inflation sooner or later. Investing in real estate is a great hedge against that.
2. Interest rates are at historic lows — but don’t take that for granted. Requirements and rates will worsen at some point.
3. There’s real value in comfort and security right now. What matters more to you: trying to time the bottom of the market, or finding the right home that’ll make you and your family feel comfortable and safe during this time?
4. Try to avoid the “wait and see” mentality. Nobody buys at the bottom — and knows it. Focus on quality as your priority: the best deal on the best match that meets your needs for years to come.
As always, if you'd like a more tailored look at how the market is playing out in your desired neighborhood, just let me know.