Is Timing Really Everything?

It’s hard not to notice it. If it’s not on NPR as you’re driving to work, it’s in the headline at the corner. Now is the Time to Buy a Home! Don’t Make that Real Estate Purchase Now! In some cases, it may be the topic of the water cooler in your office. Some market analysts continue to spew the idea that your timing on a real estate purchase is actually valuable. As we at Macy & McKee Summit NJ Realtors have found, though, if you’re in the market for a home, the time to buy is right now.

The biggest difficulty with trying to buy a home at the perfect time during any given business cycle is that nobody can actually predict what the future economy is going to bring. Everything in the business prediction cycle is based on guesses. While they’re accurate at times, at other times, the people guessing are simply charlatans who just don’t know what they’re doing. Moreover, as Macy & McKee Summit NJ Realtors knows all too well, the real estate market just doesn’t move the same way the business cycle or the entire nation’s economy does, and part of that is because of the way interest rates change.

When our economy is in great shape, our interest rates are typically fairly high. That means that not as many people can put together the money necessary for a mortgage on a home. Banks can charge more, and we get a bit tighter with our dollars. As our economy slacks off, the interest rates drop. More people can afford to buy homes, and that’s a great time for Macy & McKee Summit NJ Realtors. The only thing that makes perfect sense is to buy a house and hold onto it. Don’t panic and try to get out when you think the market is going south. Hang onto that property. The market will swing back your way in just a matter of time.

It’s virtually impossible to tell when the real estate market is going to explode or implode. That means that the bottom line is that if it’s the right time for you personally to buy a house, give us a call. We’ll help you find the home of your dreams in your price range. Timing is truly everything, but it’s your timing that matters. Not the timing of the market around you.