Is now a good or bad time to buy a home? Better to wait out the interest rates or think they’re going to go up? Better to get in now before we get into another competitive buyers market where houses are going $100k+ over asking?

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It’s never a bad time, it would definitely go up. Although you could buy a home anytime. I got a new home for $680k on Monday, a new buyer came by yesterday and was randomly told $750k, he was willingly to make the purchase but was told it’s been sold. I was amazed, I thought of selling lol but nah I won’t, not at the moment.

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Buy now, refinance when rates lower

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There’s a saying about trees that I think is the same for homes. When’s the best time to plant a tree? 20 years ago. When’s the second best time to plant a tree? Today.

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Depends on the market / submarket, your finances, and your plans for the house

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Assuming you are buying for your primary residence. If you can afford your monthly payments and can buy the house without tapping into your emergency funds, than yes.

Unlike investors, you don’t need to justify large returns, you just need to make sure you can keep the roof over your head and the lights on.

The real estate market will have its up and downs forever, but if you’re buying a home for the long run you should be fine.

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