When Is The Right Time To Buy A House?
It’s probably one thing that never goes out of style- our human urge to own a house. It can almost be said that the need to own a home in which we live in is perhaps programmed in our genes. After all man is a nesting animal. It can be exciting times for a family or for a first time buyer when it comes to the actual time when things start rolling. However before you get caught up in all that excitement there are a few things one must remember before diving into the deep real estate market.
If you ask someone for advice on buying a house, they are very likely to start by talking about the market conditions. Whether it’s a buyer’s market or a seller’s market and how the current scenario is optimal or abysmal for buying a new house. In reality that doesn’t hold any water. Barring some extraordinary circumstances, it’s extremely difficult for anyone to be able to accurately predict any sort of real estate trends.
Though it is true that the real estate sector does exhibited cyclical behavior from time to time. That being said, if you decided to wait for the ‘perfect time’ when everything is optimal for you to buy a house then chances are that you are probably going to miss out on some great options. The fact is that trying to anticipate any ups and downs in the real estate market is simply impossible.
Then how do you decide when is the right time to buy a house?
First of all this has to be entirely your own decisions that you must make with justifiable certainty. Do you have the necessary means to buy a house? At the most basic level – the funds. It’s easy to think that you can get a mortgage and buy a house however buying a house involves expenses far more than just the huge mortgage amount and if you don’t plan for it then you’ll be under a mountain of debt faster than you can say ‘help’.
Get your credit in order, make sure that you keep your money in one place 4-6 months before you plan on house hunting and get a pre approval on the amount of money you would be able to borrow. Once you have this number in mind you will be able to shortlist choices that you realistically can buy rather than looking at dream homes that are far beyond your price range.
With that being said, the right time to buy a house is when you can afford to buy it. If you can pay for the mortgage and the maintenance of the house without stretching your means, then the time is right for you to go for it. The best way to do that is to hire the services of a good real estate agent. An estate agent can guide you through the complex process and save you previous time. If you’re looking for a real estate agent in Lancing, click here.