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Is Now a Good Time to Buy a House?

I received an OFFER on one of my listings yesterday! ✅ The buyer viewed the house via a detailed Video Tour I provided that allowed them to peek in every closet, nook and crannies, garage and even the pull-down attic!

People ask me if now is a good time to buy a house. If you are a motivated buyer in strong financial position, now is a good time. Many buyers are standing at the sidelines so there is less competition and multiple offer situations are rare. Interest rates are low.

Here are 7 ways to reduce the risk of buying a home before you physically view it:

1-Drive by, check out the lot and neighborhood
2-Collect and study the seller’s disclosures to understand age of mechanical’s, roof, and past issues
3-Review the full MLS property detail sheet to understand room sizes, lot dimensions, and upgrades
4-Pull up the Public Records information online to understand property taxes
5-Get your hands on the Home Owner Association master deed and bylaws to understand neighborhood restrictions and dues
6-Watch a detailed video tour that shows more than the pretty areas of the house
7-Submit an offer contingent on an inspection and a physical viewing of the house

If a buyer does proper due diligence, now is an opportune time to buy a house.