Should I Wait to Sell My Home?
There’s no doubt that the Southern California Real Estate market has changed in the last 12 months and with it currently shifting to a buyers-market, many homeowners want to know if they should wait to sell their homes.
Our answer to this question is it all depends on you, and your current situation in life.
As one of the top producing real estate teams in Southern California that wants to earn your business, and a team that also consists of property owners, we can tell you that you don’t always want to wait for the right moment to buy a home.
Sometimes It Makes More Sense to Buy Now, Rather Than Later
Let’s face it, buying a home is a personal decision but the reality is that when you’re buying for yourself, you have a stable job, and are getting a mortgage loan with a great interest rate, you don’t want to wait to buy a home, you should have confidence in moving forward with buying a home now.
The Perfect Home Buying Situation May Not Be Available In 12 Months
Although some people may be encouraging you to wait to buy a home for at least another 12 months when prices have softened, or the market has possibly crashed, the reality is that the perfect home buying situation may not exist in 10 to 12 months.
If you wait to buy a home for another 10-12 months you may be able to find a great home but interest rates will most likely be higher and the difference of an interest rate that’s 1 percentage point or higher could mean that you will pay thousands of dollars more over the lifetime of your mortgage loan.
Contact the Fred Sed Group
Do you have questions regarding the current SoCal Real Estate market? Especially when it comes down to if you should buy a home now or wait? If so, contact the Fred Sed Group today by calling us at (800) 921-9231 or connect with us online.