Tuesday, November 9, 2021 / by John Salkowski
These four market factors show why you shouldn’t wait to buy.
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There is a misconception among today’s buyers that waiting for this market to settle more will save them money in the long run. That isn’t true. Here are four reasons why you should consider buying now instead of waiting:
1. The seller's market is changing. It’s cooling off, and we’re not seeing as many multiple-offer situations or sales prices exceeding asking prices.
2. Interest rates are still historically low. I don't know what 2022’s interest rates are going to be, but I am certain that they will go up.
3. Less competition. There isn’t as much competition at the moment. The market cooling off is very advantageous to buyers.
4. Appreciation and equity. The sooner you purchase your property, the quicker it will appreciate and increase your equity.
Don't sit around because prices are rising, and it doesn’t look like they will stop anytime soon. Now is an excellent time to buy. If you have any questions, feel free to reach me by phone or email. There’s never any cost or obligation for doing so. I look forward to hearing from you.