Everyone wants to know the magical time to buy a home…Is it like stocks? Buy low, sell high? Is it better to buy in the Spring or Winter?
I totally get it. Purchasing a home can be a great investment, but no one wants buy on the high end only to have the market swing the other way once they’re locked in. A home, like stocks, can definitely get you a great return on your investment.
A Chinese proverb states: “The best time to plant a tree is twenty years ago. The second best time is now.” - savatree.com. The same could be said for buying a home, especially in Texas. The Austin Board of Realtors has just issued a report regarding the summer market here, and it’s smelling like daisies! You see, Texas, and in particular Austin, is not affected in the same way the rest of the country is. For some reason, because of the amount and diversification of businesses that are located here, we typically see smaller dips and for shorter times. That’s not a guarantee a bust can’t happen, but based off what’s sold and pending, our market is growing by leaps and bounds.
Talk to a realtor. S/he should give you information about the market and possible trends in order to help you make the decision that’s right for you. If you’d like to visit with me, just shoot me an email request, we’ll set up a time, I’ll buy you a cup-o- joe, and we can go over all your options!
If you’d like to read more about Austin’s market, go to http://austin.culturemap.com/news/real-estate/06-21- 16-austin- board-realtors- may-2016- real-estate- housing-report- austin/.