Buying a house is a major financial decision. Many people ask whether they should follow their instincts or wait for the “right” time. The truth is, feelings matter, but facts must lead.
Too often buyers focus on headlines and timing. What matters far more is whether your personal finances support the decision.
The Real Question: Are You Financially Ready?
Before anything else, look at affordability.
I follow the 30/40 guideline:
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Keep housing costs around 30 percent of your gross income.
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Keep total debt obligations under 40 percent.
This approach helps ensure you are comfortable, not stretched.
Beyond the Mortgage Payment
Owning a home involves more than the monthly mortgage. You must account for:
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Property taxes
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Insurance
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Utilities
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Maintenance and repairs
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Unexpected expenses
If these costs would create stress, it may not be the right time.
Stability Matters
A steady job, predictable income, and savings beyond your down payment provide stability. Without that foundation, even a well priced home can become a burden.
Ask yourself:
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Is my income secure?
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Do I have savings after closing?
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Would I still feel comfortable if unexpected expenses arise?
There Is No Perfect Time
There is no universal “right time” to buy. The right time is when your finances, lifestyle, and long term plans align.
Buying based purely on emotion can lead to pressure. Buying based only on timing can lead to hesitation. The best decisions come when facts support your feelings.
Final Thoughts
Homeownership should bring stability, not strain. When your numbers make sense and you feel confident in your financial position, the timing usually becomes clear.
If you would like to review your situation and determine whether buying makes sense for you, I am happy to have that conversation.