When is the perfect time to buy a home in Bellingham Washington?
Hi everyone, it's Aldo here with tThe LeVain Real Estate Team in Bellingham Washington. Today I want to talk about a topic that's been on everyone's mind: When is the right time or perfect time to buy a house?
Well, there is a common belief that there are different seasons in every year that are better to sell your house in our market, but the reality is that the perfect time to buy a house is subjective. There is no perfect storm or ideal market for everyone. It all comes down to what's the right time for you.
For example, some people may have bought their house a year or two ago when interest rates were low, while others would rather take a higher interest rate but not have to pay over asking price. The good thing about the current market is that buyers are starting to become more in control, meaning they may be able to get closing costs paid for or extra money off the list price. However, the downside is that interest rates are currently around 6% to 6.5%. But, the upside is that there is very little competition right now.
The National Association of Realtors came out with an article two years ago and found that over 100 reasons why people bought houses, but the number one reason was simply because it was just the right time for them. It wasn't because of interest rates or a favorable market. Every person has their own ideal time.
So, when is the perfect time to buy a house? The answer is simple: when it's the right time for you. Whether it's because you saved up enough money, interest rates are low, you got a new job, or any other reason, just remember that every person's ideal time is different. So, don't worry about trying to find the perfect time, just focus on finding the right time for you.