Is it the Right Time for me to Buy a Property?

  Is it the Right Time for me to Buy a Property?

In my point of view, the best time to buy a property is when you are already ready to buy it.  It is when you already afford to pay the monthly amortization of your house.  Whatever our situations right now, properties tend to increase it's value through time.  There are always people who will buy a property and that creates demand and as such, creates increase in property prices. Of course, there are other factors that will affect the price of property such as improvement in roads, cities and towns and communities surrounding the property.

In my own experience, based on the property that I'm selling before, property prices increase by an average of 10% per year.  You can see in condominium and house and lot projects that the value of the unit that they are selling increase dramatically through time.  

Property prices tend to increase through time and as such it is really important to have a perfect timing in buying a property for you.  You might wonder that the price of the property you have visited a year ago, already increased as of today and as such, the corresponding amortization and the required income to purchase it also increase already.

At the end of the day, it is really your decision whether to buy a property now or later. There are many factors that need to consider such as price, location, accessibility, payment scheme, capacity to pay and many others.

Will I Buy a Property Now? it really depends on your situation, your housing needs and your ability to pay for the said property