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Financing a Home

When is the Best Time to Buy a House?

April 6, 2017 by Space Coast Credit Union

Deciding whether or not it’s time to buy a home is one of the biggest choices anyone can make in life. Are prices going to rise? Will you get a better deal if you “hold out” just a few more months?
One helpful strategy is to simply ask yourself, “Why do I want to buy a home?” Is it because you want to rent it to someone else and hopefully generate a profit? Are you buying a house to fix up and sell? If you’re a real estate investor (or want to be) then yes, the direction of the housing market could play a huge factor in making your final decision.
If, however, you’re looking to buy a home for you and your loved ones to live in, the real questions you should be asking are, “Have I found the home that has what I’m looking for?”, “Do I qualify for an SCCU Home Loan?”, and, most importantly, “Am I comfortable with the payments?”
If you answered “yes” to all of those questions, you’re ready to become a homeowner, regardless of where the market is headed.
No one can predict the future, at least not accurately. Whether prices are going up or down, nothing changes the fact that it’s nice to own the house that you live in. Your payments (provided you have a fixed interest rate, which is a good idea in any case) will never go up. You don’t have a landlord that could ask you to leave if they want to move in themselves. You can remodel, replace, or redesign any part of your home. It’s yours!
You probably don’t check out the commodities market before stocking up on pasta, and you don’t do research on how well appliances are selling this year compared to last year before buying a washing machine. Your family enjoys your Fettuccine Alfredo, and your old washer doesn’t have many days left.
That’s how it is when buying a house. It’s a personal purchase, which makes it a personal decision. When you think you’re ready – that’s the best time to buy a house. Still have questions? Come visit us at your nearest branch or call our mortgage specialists about SCCU’s financing options. We’re here to support your decision to become a homeowner, whenever the time is right for you, with the home loan that’s right for you as well.

Space Coast Credit Union
Members' Watchdog



  • SCCU Routing Number: 263177903

Space Coast Credit Union membership is open to all who work or live in Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia Counties in Florida.

  • Brevard: 321-752-2222
  • Broward: 954-704-5000
  • Miami-Dade: 305-882-5000
  • All Other Areas: 800-447-7228

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