Is now the time to Buy?

Sometimes real estate purchases follow a new job, a move or other event where you have to accept the market dynamics and jump in.  In our area, often times these pressures don’t exist for Buyers.  I’ve been getting asked a lot lately by Buyers if they should buy now or wait.  I say maybe buy now!!!  Why?  Everyone is nervous about what the market will do and frankly, it is slower now than it has been in two years.  This gives Buyers two distinct advantages which are a better price and more choice.  First, you have more negotiating power now with Sellers on asking prices that are already reduced from last year’s highs.  It also means you have many more choices on the market for property since more listings have been added.  But what about those interest rates?  Well, if you think that the stock market may increase over the next couple of years or you think that Feds may slow or back off their hikes then it makes a lot of sense to borrow now.  Who thinks they can’t make more than 6% in the market over the next couple of years?????  If the Feds do drop rates then what about a refi strategy down the road?  Then you get the best of all Worlds (best price on house, best selection of homes and optimal use of funds).   My pro tip however is do this if you find a property that you like within your budget.  I’d love to help you with that!