February 14, 2023

Planting a tree - Buying a home

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By

Sarah Thomsen

Planting a tree - Buying a home

The Best Time to Plant a Tree Was 10 Years Ago, the Second Best Time is Today

Have you ever heard the saying "the best time to plant a tree was 10 years ago, the second best time is today"? This phrase is often used to remind us that it's never too late to start working towards a goal, even if we should have started earlier.

This saying can also be applied to buying a house. Many people put off the decision to buy a home because they think they need to save up a large down payment or they're not ready to take on the responsibility of owning a property. But just like planting a tree, the best time to buy a house was probably a few years ago. The housing market has been on an upward trend for a while, and prices are only going to continue to rise - especially in appreciating markets like Denver. We expect prices to continue to rise an average of 6% every year.

However, just like the saying goes, the second best time to buy a house is today. Even if you can't afford the perfect home or don't have a huge down payment saved up, it's still better to start the process now than to wait any longer. This is especially important now because there are amazing down payment assistance programs, that may not be available in the future. Chat with us today and we can walk you through downpayment assistance programs that our clients have used before.

There are many benefits to owning a home, even if it's not your dream house. For one, you'll be building equity in the property, which can provide you with financial security in the future. Additionally, owning a home allows you to have more control over your living situation and can provide a sense of stability and belonging. Oftentimes your first home will not be your dream home you want to live in forever - if it is, that probably means you waited to long to buy! Your first home is oftentimes a stepping stone to a dream home.

Of course, buying a house is a big decision and it's important to carefully consider your finances and make a plan before taking the plunge. But if you've been thinking about buying a home, don't let the perfect time pass you by. As the saying goes, the best time to plant a tree was 10 years ago, but the second best time is today.

We pride ourselves in breaking down the homebuying process in a way that is easy to understand for first time homebuyers. Reach out today!

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