Will I Regret Buying a Home Now?
With the shifting market we have had many buyers come to us asking “will I regret buying a home now, should I wait?” While there is no blanket answer for everyone, what we tell most people is no, and here is why. In the past 5, 10, and 15 years when you ask a homeowner this question, you’ll be hard-pressed to find someone who regrets buying their home. This is because over the years home values have appreciated significantly and the equity gained is substantial for these homeowners. You can view the growth of home values around the county by visiting; https://www.keepingcurrentmatters.com/2022/10/05/the-long-term-benefit-of-homeownership/.
Even with the growing interest rates experts still expect housing prices to rise in the coming years. When you look at the alternative to buying a home you find renting. Rent prices have been rising throughout the country significantly and show no signs of slowing down. With this, the long-term benefits of buying a home truly outweigh renting if you break it down.
We believe that you shouldn’t hold a ton of weight in the market when it comes to buying or selling a home. If you have the desire to do either at any time your realtor should guide you through the process. You can’t let the current market fully dictate one of the biggest purchasing decisions you’ll make if your life. If you are looking to buy it could be one of the best decisions of your life, give us a call today to discuss your options!