"Some of the best advice I can give somebody is just understand that you can never perfectly time anything," said Matt Laricy, a Chicago-based investor and agent who has done over $1 billion in sales and closed thousands of deals. His advice applies to prospective homeowners, as well: "You have to live somewhere, so is it really worth waiting one or two years to maybe get it for 10% less, but in the meantime, you spend 20% more on rent? Are you really winning? Just know that the best time is when you're financially ready."
Dana Bull emphasizes a long-term perspective, advising against waiting for interest rates to drop before making a move. "I wouldn't base my whole plan around, 'Well, I keep hearing rates are supposed to drop,'" she stated. Instead, she encourages potential buyers to figure out how to make the numbers work in a high-rate environment, suggesting innovative leasing methods as a solution.
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