Should I Buy Now Or Wait?

Buy Now Or Wait?

Here’s a look at three questions to ask yourself if buying is on your mind, but your just not sure about the timing right now.

1. Should I hold out for even lower mortgage rates?

You could wait for rates to keep coming down, but a lot of other people will too. Waiting means you’ll have to compete with other buyers to find your next home, and higher prices.

“A further drop in mortgage rates could bring a surge of demand that makes it tougher to buy a house.”

Greg McBride Chief Financial Analyst, Bankrate?

2. Is it better to wait until after the election?

History shows home prices typically go up the year after a Presidential election. So, moving now may be a better bet.

Prices went up after 7 of the last 8 Presidential elections

3. Do I plan to live there for a while?

Buying a home can be a great long-term investment. If you want to put down roots, buying now allows you to start building equity

.

Should you buy now or wait? Let’s talk through it together, so you can make your best decision.

http://www.sheenaalescio.com