03/26/2026
Is Now The Right Time to Buy? It Depends. 🏡
Before you start scrolling Zillow at midnight, ask yourself these 5 questions:
1️⃣ Do you have enough saved for a down payment AND closing costs, an emergency fund, and moving expenses? Keep in mind, you don’t need a 20% down payment. The average down payment is 6% and usually you’ll need at least 3% but it’s good to be prepared and understand what you have and what your obligations will be come closing time.
2️⃣ Do you plan to stay in this area for at least 5 years? The reality is buying a home is a big investment. In general, there is some short term pain for the long term gain. If you don’t plan on staying for at least 5 years, it may not make financial sense to buy. However if you do, it’s probably the best investment you can make.
3️⃣ Is your job and income stable, or are major changes on the horizon? Are you thinking about quitting your job to become a full time street artist? Yea maybe you should hold off for now.
4️⃣ Are you buying because it makes sense for YOUR life — or because of outside pressure? I think it’s important to look at your overall lifestyle and if owning a home falls within that lifestyle. Whether it’s traveling or going out every night, owning a home may require adjustments to your lifestyle. Only do it if it makes sense for YOU.
5️⃣ Do you need more space than what you have right now? Do you have a growing family? Do you need a garage to store all your bicycles? Do you have a pet Hamster that needs his own room?
If you answered yes to all 5, you might be more ready than you think. 👀
And if you answered no to any of them, it’s ok. We can still be friends.😉
