That’s a question we’re asked all too often and the answer is always the same at its most simple form.
If it’s a good time for you to buy property, then it’s a good time to buy.
There will always be exceptions and factors to take into consideration – such as the economy and the property market – but it really all comes down to you.
If you have a deposit saved or equity in your existing home, if you have a steady income, minimal or managed debt and the bank is willing to lend you enough money to buy the type of property you want to buy, then the time is right for you to start looking.
Other factors to consider are:
- Interest rates
- The economy (particularly if you’re buying an investment property)
- Property prices
- The type of home you want to buy, its location and proposed developments in the local area.
Buying a home is a big decision with lots of considerations, but if you’re keen to buy or your feet are itching to move, start doing your research, learn about the area you want to buy in, talk to me about your borrowing capacity, find out all you need to know so that you can confidently make a move.
Don’t be put off by the media or your mate who thinks he knows everything there is to know about property. Run your own race, seek expert advice about your own personal situation and goals and make your decision based on that.
Good luck and please let me know if I can help you make it happen!