“Is it the right time to buy a house?”
As your friendly neighborhood real estate professional, I’m going to tell you, as with so many things, the answer is, it depends. What does it depend on? It depends on, obviously, your financial situation. Do you want to buy a house? Do you need to buy a house? Have you expanded/grown your family, or are you now an empty nester and you’ve just got too much house? Maybe you want to finally get that country house and have a huge garden and some chickens. Whatever it is, a lot of that ‘is it a great time’ question is answered with your actual feelings and idea of where you want your life to be.
If we’re looking only at the market, one of my opinions that I hold pretty strongly is that I think we have so much information out there now that’s easily accessible, that sometimes we get all up in our head about the finances of buying and looking at our primary residence really as an investment, more so than it perhaps should be.
Ultimately, you want to live somewhere that you’re happy, that you feel safe, and that you can live the life that you want to live. Whether that’s having a big garden or having no yard to mow. Think about the reasons that you might want to buy. Think about your finances. Talk to a local lender, who understands the prices and the market in your area, and contact a reputable, experienced realtor (me hopefully!) who can help you figure out and determine if it is a good time for you because what may be a great time for one person is often not a great time for someone else.
I’m never going to make anyone buy a house if I even could, but if it’s not a good time for you, I’m always going to tell you it’s not. So if you’re in the Richmond and surrounding area, I’d love to talk to you about whether it’s a good time for you to buy. If you’re looking in another market and you don’t know a great real estate professional, I know lots and lots all across the country, so just reach out to me. I’d love to chat and see if it’s a great time for you to buy.