Why NOW is the Best Time to Buy a House in YEARS! Housing Market Could be Nearing Bottom.
The past few years sellers have had all the control in the real estate market but it appears the real estate market is heading toward a bottom. Home prices have risen and sellers have been deciding which buyers offers to accept and which to reject. It looks like for at least the next 3-4 months that buyers will be in far more control of the housing market than sellers will be in. Usually the best time to buy a house is when the terms of a home sale are those that most benefit the buyer and not the seller.
Some of the tell-tale signs that its a good time to buy include seller paid closing costs, seller paid improvements and rate buydowns, no waiving home inspections, time to think about buying, longer time to close.
The best time to start looking at buying is likely from now to January 2023, since the spring market could heat up and more buyers are likely to enter the housing market making it more difficult to get a good deal on a home purchase.