Buy at the right time

First Home Buyer Hub Buy at the right time

5 RESOURCES

OVERVIEW

We’ll tackle the two fears of first home buyers: FOMO and it’s lesser known cousin FOJI (fear of joining in). We’ll review the causes of both fears and you’ll go from being unsure about when to buy to know exactly whether or not now is the right time for you to buy a home

Buy at the right time

Now that you have a good understanding of what you can afford, let’s talk about the next big question for first home buyers: When is the right time to buy my first home?

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Assess your situation

In this section we're going to address one of the first -- and most important -- question that goes through any first home buyer's mind: What can I afford to pay for my first home?

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Time in the market vs. timing the market

When buying it’s important not to be influenced by the market; like any investment market it moves in cycles and at times it might suit buyers and at other times it might suit sellers when prices are booming.

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Rent Money isn’t dead money

Either from your parents, friends or family, you might have heard the old adage: rent money is dead money. This is simply not true.

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Your first home doesn’t have to be your forever home

Looking for a home can be highly emotional, and being such a big purchase it’s easy to get caught up and think you’re looking for your palace, your forever home.

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