May 08, 2013
Many prospective home buyers wrestle with the idea of when is the right time to buy a home.
That’s why we here on the Wake County real estate market are here to help!
Today, we’re going to tell you how you can determine when the best time to purchase a Wake County home is.
Wake County Properties for Sale
Most home buyers will tell you that the best time to buy is when interest rates are low because that signals that it is a buyer’s market.
What’s more, low interest rates means that your monthly payment will be lower – which will be less stressful for you in the long run.
Another great time to buy is when it’s convenient for your schedule. For instance, if you are a parent, the best time to buy may be when the school year is over.
Here are some other factors that may signal that it’s a good time to buy:
- The relative stability of your current job
- Your amount of savings and whether you can afford a down payment on a home
- Whether it’s a buyers or seller’s market
Let’s look at that last point a little bit more in depth.
How do you determine whether it’s a buyer or seller’s market? If the market is slow – such as homes are sitting on the market unsold – then that’s a good indication.
What’s more, if home values are relatively low – especially compared to a few years ago – then it may be a good signal that it’s a buyer’s market.
Purchasing a home in a buyer’s market is a great opportunity because it means you’re going to get an excellent deal on a Wake County home for sale.
Your Dedicated Wake County REALTORS®
We hope you found the above information helpful as a potential Wake County home buyer.
For more information on home-buying, please contact us at the Rachel Kendall Team.
We have years of experience helping buyers on the following markets:
Until next time,
Rachel