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If you’ve lived on planet Earth in the past two and a half years then you’re already familiar with how much has changed for all of us. All of us, including those of us trying to navigate the housing market as best as we can.
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With interest rates and home prices rising we all have one question: where do I fit into the market now? Whether you are a homebuyer or a seller, engaging in this ever changing market means investing your livelihood into what may seem like an unsure thing. Obviously, we are experts here at the Brandon and Lana team and we are here to pacify any anxieties and insecurities you may be cultivating in this crazy economic climate!
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First thing’s first,
you must consider how long you plan to own your home if you are a homebuyer. For some, investing in real estate depends entirely on the horizon in which you plan to own your home rather than the state of the market. For example, unless you only plan to own a home for a few years you should go ahead and buy when YOU are ready. If you wait for the market to be where you want it to be then it will likely turn out that you will be waiting forever. The housing market and economy are too volatile to predict when and if prices will swing one way or the other.
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As a homebuyer,
another way to quell your fears of financial dependence is to consider the possibility of renting out a portion of your home! We are living in the age of the internet where you can order food, errands, dates, and HOUSING through your phone! AirBNB’ing a room in your home, renting it out to a tenant, or even getting your in-laws’ to come live with you and split the cost of living are all ways to alleviate some of the financial burden this economy has us in.
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Now this one may seem a little cheesy,
but it’s IMPERATIVE to keep a positive attitude. You deserve a nice place to live and call home. This means that your attitude should be focused on your ideal home, not the ideal market. Finding and attaining the right home that you want in the right location is a premium worth paying and at the Brandon and Lana team we can help you to find your best options that are within your budget and fit into your future plans.
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The key point to take away from the blog this week is that the best time to buy is when YOU are ready to buy. Remember that the sooner you buy a home, the sooner you may began to pay down the mortgage and get a leg up on your next real estate investment. All you need for all of these steps is the right attitude and a team of qualified experts to help you and your family sail through your home purchase. Make sure to call or email us if you have any inquiries at all about the market or what WE can do for YOU. Brandon and Lana Team out!
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