What happens if you buy your first home and property prices fall? Does that mean you've made a bad financial decision? Should you wait until the market bottoms out before buying?
With conversations around negative equity becoming more common, it's easy to start second-guessing whether now is the right time to buy. But you don't need to predict what the property market will do next to make a confident decision.
From listening to this podcast episode, you'll learn:
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What negative equity is and how it could impact you as a homeowner
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Why your property strategy and how long you plan to hold your home matters when considering the risk of falling property prices
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The three questions to ask yourself when you're worried about buying at the wrong time
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Plus, why knowing your numbers and having financial buffers can help you make confident decisions, regardless of what the property market does next
If you've been wondering whether to buy now or wait for property prices to fall, this one's for you, my love.
👉🏽 Want more support?
If you’d like support with your journey into home owership, you'll find so much support, resources and practical guidence inside my online education course The First Home Finance Formula.
Inside the program I walk you through both the finance and the feelings - giving you tools and strategies to powerfully navigate the finance process and emotional rollercoaster that many first home buyers find themselves in. You also get access to live monthly coaching - it's amazing! Learn more here
➡️ Let's Connect!
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Get tools, guides & support: www.jaleesapaine.com
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