?to buy right now or to wait?

[Katelyn Atcavage Robideaux]

Overall what we’re seeing in our area is a rise in inventory as well as an increase in average days on market. We’re seeing more and more price decreases as interest rates rise and many buyers are choosing to not participate in the market right now.

The benefit to the buyers who are interested in investing is the decrease in purchase price, (especially compared to what homes were going for 6 months ago!)

This market is for buyers who are eager to negotiate a deal and get a home for significantly less than asking, buyers who have cash, and investors who know how to play the game. 

Thoughts? Things to add here? Where is everyone at as an investor right now? Whether you are helping someone with a real estate purchase, or, you yourself are buying — is now the time to buy or wait? Why?

[Michael Dumler]

@Katelyn Atcavage Robideaux, to keep things up front and what experienced investors will reiterate; do not try and time the market, don't wait to buy but instead buy and wait. If the property cash flows on day one and you plan to hold for 5, 7, or 10+ years then trying to time the market will always be ill-advised. Just my two cents.