You can't time the bottom...

You can pick a great house...

Here is the reality of the current Dayton Ohio Real Estate market.

• If you buy today there is a good chance it will be less a year from now.
• There is an incredible selection of Dayton homes for sale available now.
• Mortgage rates are still at all record lows.
• This is the best buyers market in decades.

So, if you are considering buying Dayton Real Estate this is a great time.  You may be tempted by the information above to try and wait till the "bottom" of the market.  Sounds like a good plan on the surface but what are the possible downfalls?

• It is very hard to time the "bottom" of the market and you just my miss it...
• It is even more likely that you will miss out on the right home for you...
• Even more likely... that mortgage rates in the Dayton Ohio Real Estate market will increase.
• With increased mortgage rates comes less buying power.
  • Follow this example.
    • You qualify today to purchase a $150,000 home at 6.25%
    • If mortgage rates increase to just 7% in the next year.
    • Then you would only qualify for about $138,000 home.
    • That is about an 8% drop in your buying power...
    • Dayton homes for sale may decrease in value 1-5% at most in the next year.
  • So, you are WAY ahead to buy Dayton real estate now rather than wait.

I know this is not what you may hear from your friend or on the news.  feel free to call and we can discuss this even more if you like.  Check out all the Dayton homes for sale here...

As always, thanks for reading and please feel free to contact us with any questions at 937-353-4600 or Mark@MarkRyanGroup.com