No. If it’s the right time for you there’s no reason why you shouldn’t buy a property now. If you wait for better market conditions you may end up waiting for years. However, it never hurts to be cautious when making such a big decision, particularly when you’re buying in an uncertain market.
To minimise risks associated with buying property:
- Buy well within your limits and keep money aside for unexpected costs.
- Speak to a mortgage broker to make sure your home loan is structured well.
- Buy with the help of a real estate agent who knows the local area well.
- Do your own research, and find an area that’s likely to grow in future.
If you’re careful and get all the expert help you need, you should have no reason to worry about the market. Instead of delaying and watching prices go up and down, get the ball rolling on your property aspirations and get in touch with a local real estate agent you can trust.
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