Over the last few months I have have been asked the same question almost daily…“Dean, I’m concerned about moving forward with a purchase, is now the time, or should I wait?”
Followed by… “when is the best time to buy property?”
So, it prompted me to provide some answers.
Firstly, I must say—I am currently seeing the best buying opportunities I have seen for the past 2 years. I am seeing more and more opportunity while others delay and over-think the market.
Remember whenever there is fear and hesitation in the market from the majority, that is the best time to buy!
Current market tips:
There are no crystal balls with predicting the property market, but my long term strategy of… buying well located blue chip property, in the best streets, of the best suburbs with the most potential within your budget— will lead to strong future growth and will be worth more in the years to come.
Don’t listen to too much main stream media and the 6pm news! Get your property information from an experienced property buying professional with LOCAL experience and with YOUR best interests at heart.
Property is a long term game! Making decisions based on other’s opinions and current media hype may not be the best way forward for you.
Have a strategy. Most of my clients who have made fantastic financial gains using my strategies and experience with their buying decisions have done so going against the crowd—while listening to my recommendations from an “on the ground” position!
Most of all, you have to be comfortable in your decisions.
Have a great lender/bank behind you.
And finally, have a cash “buffer” for any unforeseen events.
There will always be a reason not to buy now, but don’t be one of those people who say…“What if i only bought that house ‘x’ years ago, I would be so far in front now!!!!”
If you need some property assistance or advice, don’t hesitate to reach out!