PART FIVE: What if the market goes down?

Share Button

go to website One of the concerns people have voiced recently about buying a house is that the market might “crash”.    http://xingcat.com/author/xingcat/page/3/ In other words, they’re afraid that they’ll buy a house, and then the market will decline and it won’t be worth as much as they paid for it. 

The fact is, there is never a wrong time to buy the right home.  

Historically, focusing on the market is never the smart approach to buying the right home.  Whether right means the right price or the right property for you, waiting to time the market seldom works to your advantage.  Trying to time the market in the short term is the easiest way to miss your timing for the long term.  While you should always be aware of the fluctuations of local market conditions, real estate tends to be much more stable and rewarding over time than other types of investments.  (Think about it…do you think you’ll ever be able to buy a house for the price your parents could have? How about your grandparents? Probably not).  With the help of a real estate agent, you can find a home that meets your criteria and is a smart purchase in any market area and at any time.  Once you’ve made your home purchase, the long-term benefits of equity buildup, value appreciation, and tax benefits will make it a right decision.