When is the Best Time to Buy a Home in 2019?
Knowing the right time to buy house is just as important in the home buying process as knowing what house you're going to buy, where you're going to buy it, and how you're going to buy that home.
Why is the "when factor" so important? As with most financial endeavors, timing can be everything, and that goes double for landing a dream home. Pricing, interest rate levels, the calendar month of the year, and your own personal cash situation all can factor in on when to buy.
There's also something of a Zen factor in buying a home. To a prepared home buyer, there's often a vibe on the time to purchase a home - conditions like cash and opportunity are optimal, the seller of an attractive property is willing to sell at a good price, and the buyer's personal life (i.e., newly married, expecting a new baby, or just got a big bonus, for example) is in a place where the time to pull the trigger on a new residence is now - and not next month, or even next week.
Reality also dictates when to buy a new home. For instance, your employer has relocated you cross-country and you start your new post in two weeks. In that scenario, the time to buy really is right now, or you may not have a place to call home for a while.
Let's take a good look at the "when to buy a home" issue, and break down the elements that dictate the "timing" factor in signing on the home mortgage dotted line...