IS IT TIME FOR ME TO BUY OR SELL A HOME?
Answer: It all depends on your situation! Let me explain by first talking about the factors that affect home prices
There are many factors that can affect the price you pay or get for your home.
Some examples are:
-How is the local economy doing?
-Are interest rates going up or going down?
-What is the condition of the house you want to buy or sell?
-What is the size and feature of the house
-Condition of the neighborhood
-It is in a good school district
-What is the housing inventory in the area you want to buy or sell?
-Lastly, some might say the time of year but even that seems to be less of a factor in the SF bay area
I am sure there are many more, but these are the most common factors. With all of these variables coming into play at the same time, it would be very difficult to time it so you sold your house at the very top of the housing market or purchase a house at the very bottom of the real estate market which is why you need a real estate investment solution.
So, it all boils down to your current life situation.
Some examples of life situation that can change your house needs
-A marital status change (Getting married or divorce)
-A new member in the family (infant or senior)
-Your financial status changes (You win the lottery!)
-A health change in the family (An illness or lack of mobility)
-A job change (Getting a better paying job or loss of employment)
Your house is an investment but first and foremost it is a home where “life happens” therefore having a home invest plan is necessary.
We would love to have that conversation with you on the timing of your buying or selling of your next home.
Does this resonate with you? Please add your thoughts on the best time to buy or sell a home and your experience trying to buy or sell a home.