I've had lots of questions recently about the timing of a home purchase. A lot of the old misconceptions are sticking around, I'm sure you have heard them.

"Wait until Spring when there is more selection!"

"Don't sell in the Fall, you won't get as good of a price."

"Never move in the Winter, there are no Buyers and your house will sit on the market."

I'm going to tell you a secret...none of these are true anymore. I tell everyone who asks, "When is the right time to buy?": When YOU are ready. There's no secret formula to it. Here are the facts: 

  • Interest rates are going up.
  • Home prices in the DMV are increasing by roughly 5% year over year.
  • First Time Home Buyer Programs are active now, but funding can run out. 
  • Every month you pay your landlord rent, they reap the benefits- you get no return on your money

The FIRST step to homeownership is speaking with a Lender. That doesn't commit you to anything, in fact the Lender may find something standing in your way of a mortgage that you could be working on while you're getting ready move forward with a home purchase. To get in touch with a qualified Mortgage Lender I recommend starting here.

The cost of waiting to purchase a home @AskGenna

 

Dunkirk MD Homes for Sale - Genna Fleming, REALTOR® at EXIT 1 STOP REALTY
You now have free access to my Real Estate Search Engine! I am your local real estate expert with the knowledge and experience to deliver the unsurpassed service you deserve. Local Specialties: Upper Marlboro, Lanham, Lothian, Edgewater, Annapolis, & Dunkirk. Call Genna Fleming at (443) 532-8917 or follow my real estate adventures on Instagram @askgenna