Why You Should Buy A Home In 2022, According To A Real Estate Broker - Exclusive

If you missed out on the frenzied real estate market over the last couple of years, and you're kicking yourself for not jumping on an opportunity while the getting was good, don't stress out — there might be a silver lining on the horizon. Why? Some experts believe that there are still some bonuses for buying a home in 2022, as long as you are savvy with your spending. 

With the summer market coming to a close the inventory of properties available has dropped — especially when compared to previous years — and mortgage rates are rising ever higher. Plus the average price of a house in the United States is unlikely to fall anytime soon (via The Mortgage Reports). To that end, you might think that this spells disaster for those looking to pick up a piece of real estate. However, Fainna Kagan — a licensed real estate broker for The Corcoran Group in Manhattan — has some good news. "I think 2022 is the perfect time to buy a home," she told House Digest in an exclusive interview. "The real estate market has cooled and for the first time, in a long time, buyers can get a great deal."

With unpredictability looming for the future of real estate coming off the heels of a pandemic, Kagan believes this might be time to take advantage of opportunities others may miss. Indeed, now might be just as good a time as any to be aggressive and get the home you want.

The time is right

Real estate broker Fainna Kagan believes that with lack of surety concerning the possibility of a recession, it might make some new homebuyers hesitant to dip their toes into the current real estate market. "However, I think these buyers may be missing out," she revealed. "Uncertainty breeds opportunity and I'm seeing sellers more willing to negotiate when faced with the uncertainty of what the next few months may look like, especially when their homes have been on the market for a couple of months."

With lower competition it will be even less likely that the cost of a house will rise well above the asking price if there is not a bidding war to contend with. Kagan also points out that although mortgage rates may seem high now, they aren't necessarily set in stone. "Unlike the price you pay for a home, the mortgage rate is not permanent," she added. "So, negotiate a great price on that home now and refinance when rates are lower."