Don’t wait to buy a home; it will cost you more in the long run.
Today I want to give you one more reason not to wait until prices drop before you buy a house. I totally understand the concern about where prices, home values, and affordability are—it costs a lot of money to buy a house. The question I have: Is it going to cost you more to not?
Let me explain: Since 1989, our prices have dropped only four years. Four years in the last 21 years. From 1989 to 2020, the prices dropped only four years. Now, this is a national graph, but it follows what happened here locally in the Seattle area as well. I felt that bottom fall out in June of 2007, and it was not pretty. But I’ve also seen since then that anyone who held onto their property has not only made up that value, but then some.
Real estate has always made money over time. So if you are in the market to get a house and keep a house, to get an investment property and keep that investment property, to get a second house and keep that second house, do it now. Just do it now. I don’t care if you can buy a condo, a little fixer-upper, or anything you can get your hands on. I know that it’s a competition, but do it now because later on it will only cost you more.
Did you know that the average homeowner has 40 times more net worth than the average renter? Get in now. Get in while you can. If you’re not sure how you can do that, call me. Let’s either set it up so you can make that happen right now and get that competitive edge that we’re helping our buyers get, or if we can set up that plan to make sure you can purchase sooner instead of later.
We are here to help your home decisions matter, to help them make sense to you and your time. Can you time the market? No, not really, except for to get in. Let’s just get you in.
Call us, message us, let’s talk about how we can help you get into that home now, and make it work for you in the long run. Stay safe, stay healthy, be blessed, and we’re here to help. Reach out now.