58: Is It A Bad Time To Buy A Home?
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58: Is It A Bad Time To Buy A Home?
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Is now a bad time to buy a home?
With higher interest rates and home prices still elevated, it’s an understandable question — but the answer may have less to do with the market and more to do with what’s happening in your own life.
In this episode, Silas breaks down how to think about whether buying a home makes sense for you right now. He talks about why trying to perfectly time the housing market can be a mistake, how higher interest rates change the equation, why refinancing may matter down the road, and some opportunities buyers may have in a slower market.
You’ll also hear about assumable mortgages, buying a home that needs a little cosmetic work, how long you should realistically plan to stay in a house, and why simply talking to a lender can be valuable — even if you’re nowhere near ready to buy.
The best time to buy a home isn’t necessarily when the market is perfect. It’s when buying makes sense for your life.
Have a real estate question or want help finding a trusted agent in your area? Contact Silas Lindenstein.