If you’re wondering if you should wait to buy in a down market or buy a home now, let’s talk about it!
Right now, we are in a seller’s market where sellers have the upper hand. A down market would be a buyer’s market where buyers have the negotiating power.
But just because we’ll be in a seller’s market for the foreseeable future doesn’t make it a bad time to buy!
In fact, right now you’ll face far less competition as compared to last year and higher levels of supply since the market isn’t moving quite as quickly.
You’ll have more time to find the house that’s right for you.
Additionally, because the market isn’t moving as quickly, you may see some price drops, which makes it a great time to buy.
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Kauai Alpha Fitt, REALTOR® SRES with Coldwell Banker Distinctive Properties in Grand Junction, Colorado.