Is there a good time to buy real estate?

What do we mean by a “good period”?

It is entirely legitimate to ask yourself multiple questions when considering buying a home. Careful thinking is important and will be encouraged by your Real estate hunter : it saves you from buying a “whim” and the potential difficulties that it can cause later on. We can refer to two distinct things when considering whether there is a good period to buy real estate: the state of the market and one's own purchasing capacity.

To what extent should the state of the real estate market be taken into account?

When one carries out a project to buy a house or apartment, we would all like to benefit from the best possible economic situation. It is for this reason that many buyers are trying to analyze the real estate market. The evolution of the price per square meter, the interest rates on mortgages and the possible eligibility for a tax deduction are all elements that are being reviewed. Your house hunter is in a position to provide you with precise information on all these points.

While it is indeed useful to have an idea on the issue, the state of the real estate market should not be the decisive factor in your buying decision. In order to determine if there is a good period to buy your property, your Parlemoi de Paris experts advise you to focus more on your personal situation rather than on external variables.

Whether there is a good time to buy real estate depends on your financial situation.

The real estate hunters at our agency share the conviction that it is your finances that must determine the moment when you realize your purchase project. Indeed, if you have the necessary resources, investing in a home is always profitable, regardless of the period in which we are! It's a fact: you will quickly resell a property located in the capital or a big city.

In the end, if your financial situation allows it, do not hesitate to buy a house or apartment. But in fact, what are the indicators showing that this is the right time for you to buy a property?

You have a clear vision of your real estate needs

We place ourselves here in case you buy your main residence. It is essential to anticipate your needs, whether immediate or long-term. For example, plan an extra room if you are perhaps thinking of expanding the family, or choose a building and suitable housing if you are buying an apartment at an advanced age. This reflection will allow you to invest in an evolving asset that suits you. Thus, you will be able to keep this acquisition for an indefinite period of time.

You know how to finance your project

The right time to buy real estate exists if you know your financial possibilities. Your apartment hunter will undoubtedly be able to refer you to a broker: this professional offers you the best financing solutions. Surely you know that the maximum debt ratio is set at 33%. We also advise you to take stock of your budget, once the monthly credit payment has been debited. Also note that it is recommended that a mortgage does not exceed 20 years, in order to reduce the interest rate.

You have thought about your rental investment

When you buy a property in order to rent it, the concept of profitability prevails. So make sure that rental demand is sustained (in relation to the type of product and its location), and that the rents you receive can amortize most of your monthly payments.