Is Now a Good Time to Buy a Home?
By Sandra Kilgore, GRI, ABR, SFR –
Many of you might be wondering: is this a good time to buy a home?
The honest answer: it depends on your priorities. That said, many market indicators across the country currently point toward a buyer’s market rather than a seller’s market.
Keep in mind that real estate is highly local, meaning different areas are impacted in different ways. In our region, a buyer’s market is especially rare due to limited inventory, a result of our area’s unique topography.
That being said, the market has clearly cooled. Homes are staying on the market longer, and price reductions are becoming increasingly common. For buyers who have been waiting for the market to calm down, this shift could present an opportunity.
If you’re looking to purchase a long-term home, now might be a favorable time to start your journey. Here’s why:
- Stronger negotiation power – Buyers today often have more room to negotiate, including requesting seller-paid closing costs or contingencies.
- Fewer bidding wars – With less competition, sellers are more willing to work with buyers on terms.
- Expanded assistance programs – There are more down payment assistance opportunities available for credit worthy buyers who may struggle to save the full down payment.
For those of you who have been sitting on the fence, it may be the perfect time to explore your options. Speaking with a real estate professional can help you understand your local market and make an informed decision.
When you’re ready, reach out to schedule your free buyer consultation, and take the first step toward homeownership.
Kilgore & Associates Real Estate
Sandra Kilgore GRI, ABR, SFR
Cell: 954-540-5593, [email protected]
AshevilleKARE.com
Asheville Kare Property Management
828-333-7101, [email protected]
AshevilleKAREpm.com
