why it is a good / bad time to buy house?

Member since 2023 · 29 posts · 34 votes

I need someone to explain to me, why it is a GOOD/BAD time to buy a house? most people say the price of the houses wont go down why? Price of the house s will go up why ?

I know there are a lot of petty casual answers to this but i want to learn more about todays market and what's gonna happen IN YOUR OPIONION based on your past real state buy and sell experience...

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Bradley BuxtonBusiness Member

Real Estate Agent · NV · Member since 2023 · 1k+ posts · 712 votes

Real Estate is a time rewarded investment. It’s harder (bad) to make money in the short term and easier (good) to make money in the longer you own.

There is not either or in real estate. It depends on your situation. Do you have the money to buy and have you done your research? It’s a good time to buy if it’s right for you. We are seeing some amazing deals for cash buyers in the Reno, NV market in multi family. But without cash it’s a bad time. Make sense?

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Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
2y
Quote from @Tom Hall:

I need someone to explain to me, why it is a GOOD/BAD time to buy a house? most people say the price of the houses wont go down why? Price of the house s will go up why ?

I know there are a lot of petty casual answers to this but i want to learn more about todays market and what's gonna happen IN YOUR OPIONION based on your past real state buy and sell experience...
Hi Tom, it isn't timing that counts, it's the deal that matters.
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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
2y
The market is great because it is a lot easier to find a good deal, and buyers have dried up thus limiting your competition.
It is a bad time to buy for the same reason. Buyers have dried up and you are a lot less likely to get your deal sold for ARV today.
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Bradley BuxtonBusiness Member
Real Estate Agent · NV · Member since 2023 · 1k+ posts · 712 votes
2y
Real Estate is a time rewarded investment. It’s harder (bad) to make money in the short term and easier (good) to make money in the longer you own.
There is not either or in real estate. It depends on your situation. Do you have the money to buy and have you done your research? It’s a good time to buy if it’s right for you. We are seeing some amazing deals for cash buyers in the Reno, NV market in multi family. But without cash it’s a bad time. Make sense?

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Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
2y
Quote from @Tom Hall:

I need someone to explain to me, why it is a GOOD/BAD time to buy a house? most people say the price of the houses wont go down why? Price of the house s will go up why ?

I know there are a lot of petty casual answers to this but i want to learn more about todays market and what's gonna happen IN YOUR OPIONION based on your past real state buy and sell experience...
So, did you find a house?
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Tom Hall
OP
Member since 2023 · 29 posts · 34 votes
2y
Quote from @Account Closed:

Quote from @Tom Hall:

I need someone to explain to me, why it is a GOOD/BAD time to buy a house? most people say the price of the houses wont go down why? Price of the house s will go up why ?

I know there are a lot of petty casual answers to this but i want to learn more about todays market and what's gonna happen IN YOUR OPIONION based on your past real state buy and sell experience...
So, did you find a house?

Thx for following up, still in the process I was outbit the first 2 times by 93k and 73k.
It is hard to believe that people are offered 93k above the asking price but it is what it is happening. This market is insane
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Account Closed
Investor · Scottsdale Austin Tuktoyaktuk · Member since 2021 · 4k+ posts · 4k+ votes
2y
Quote from @Tom Hall:

Quote from @Account Closed:

Quote from @Tom Hall:

I need someone to explain to me, why it is a GOOD/BAD time to buy a house? most people say the price of the houses wont go down why? Price of the house s will go up why ?

I know there are a lot of petty casual answers to this but i want to learn more about todays market and what's gonna happen IN YOUR OPIONION based on your past real state buy and sell experience...
So, did you find a house?

Thx for following up, still in the process I was outbit the first 2 times by 93k and 73k.
It is hard to believe that people are offered 93k above the asking price but it is what it is happening. This market is insane
You might find there is more profit and less competion at https://www.biggerpockets.com/forums/311/topics/1166342-with...
But you have to be able to make decisions. These go away fast.
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Salvatore Lentini
Rental Property Investor · Doylestown, PA · Member since 2008 · 1k+ posts · 1k+ votes
2y
There's no inventory and there won't be enough for probably a couple years to come. Low supply means prices go up.
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