When is a Good Time to Buy?

Taking the first step toward homeownership can feel overwhelming—but it doesn’t have to be. My advice? Start small and be realistic. Make sure you always keep about six months’ worth of expenses—including your future mortgage—in a secure savings account. That cushion will give you peace of mind and flexibility.

Now, how do you know if it’s the right time to buy? Consider these questions:

• Do you have enough saved for a down payment? A strong down payment can reduce your mortgage and improve your loan options.
• Can your parents help? Financial support from family could open the door to earlier homeownership.
• Are you paying high monthly rent? If rent is as much—or more—than a potential mortgage, it might make sense to buy.
• Are you covering all utilities? Paying full rent plus utilities can feel like you're already managing homeowner costs—without the equity.
• Are you frustrated with renting? If you want more control over your space and living situation, owning your home gives you that freedom.

Right now, the market presents a great opportunity for buyers—whether it’s increased inventory, better negotiation power, or a long-term investment in your future.

Buying a home is a personal decision, not just a financial one. It’s about your goals, lifestyle, and readiness. If you're starting to ask these questions, it might be time to explore your options.