THINKING ABOUT PRESSING PAUSE ON YOUR HOME SEARCH? HERE’S WHY YOU SHOULD RECONSIDER…

Thinking about hitting pause on your home search and waiting until after the holidays or for interest rates to drop? You may want to reconsider…

While the right decision for you will depend on several factors, here are a few reasons why keeping your home search going might be a smarter move than hitting pause:

 

1. There’s typically less competition during the holidays and winter.

Many buyers take a break during the holidays, which means fewer people are competing for the same homes. This could give you an advantage and help you avoid bidding wars—or even score a great deal!

2. Sellers are motivated.

Sellers who list during the winter are often more motivated to close a deal, whether it’s due to timing or personal reasons. This could mean better negotiations and a chance to score a great price on your new home.

3. Not to mention, home prices are expected to continue to rise nationally.

In fact, experts predict that if you had purchased a $450,000 home earlier this year, based on its starting value and forecasts from the Home Price Expectations Survey, you could potentially gain over $90,000 in household wealth within the next five years alone.

4. Plus, no one knows when or IF interest rates are going to decrease further.

So, if you’re holding off, waiting for interest rates to drop even further, keep in mind—you’ll face more competition and higher prices once more buyers jump back in. By buying now, you can get ahead of the crowd and start building equity sooner.

If you’re feeling uncertain about our current market, let’s have a conversation! Sometimes, a fresh perspective or new strategy can make all the difference in finding the right home. I’m always here to help!