|
Thinking About Buying a Home? Here's Why Waiting Could Cost You
If you’ve been on the fence about buying a home, you’re definitely not alone. A lot of people are wondering if they should wait and "see what happens".
Home prices have been steadily rising for years, and all the major signs point to that continuing. There just aren’t enough homes for the number of buyers out there, and with the cost of building materials, labor, and land going up, it’s pushing prices even higher.
Plus, even if mortgage rates inch up just a little, it can make a noticeable difference in what you pay each month - and over the life of a loan, that adds up to a lot.
Meanwhile, every month you keep renting (or waiting), you're paying into someone else's investment instead of building your own wealth through homeownership.
Another huge reason to consider buying now: once you own a home, you protect yourself from being priced out of the market in the future!
As home values rise, so does your home's value — meaning your equity grows right alongside the market. Instead of struggling to catch up to rising prices later, you’re already in, and your investment is keeping pace with the market.
Owning a home gives you a real financial foothold that renting simply never can.
How a Starter Home Can Open the Door to Your Dream Home
Sometimes the first home you buy isn’t the dream home — and that’s okay. In fact, for many people, it's a smart first step toward eventually getting exactly what they want.
Imagine someone who bought a modest home for $300,000. It wasn’t their perfect layout or location, but it was a solid home in a growing area. Over the next few years, as the market appreciated, the home’s value rose to $375,000.
At the same time, by making regular mortgage payments, they built up additional equity.
Now, just a few years later, they have around $100,000 or more in equity — a combination of price appreciation and paying down their loan.
That equity becomes real buying power. They can now sell their home and use the profit as a large down payment toward their next home — maybe the one that truly checks all their dream boxes. Because they got into the market early, they didn’t have to struggle with higher prices or rising interest rates later on.
The key is this:
Buying a good, affordable home today can position you for the home you really want tomorrow.
It's about getting your foot in the door, building wealth, and letting time and the market work in your favor.
Bottom line: buying now means locking in today’s prices and rates, building equity right away, and setting yourself up to move forward with the market — not chase it.
We want to help you make choices that set you up for success, and right now, moving forward could be one of those rare opportunities that looks even better in hindsight.
If you want to explore what’s possible, I’m here to help — no pressure, just real conversations.
|
