The Cost of Waiting to Buy a Home: Why Today’s Market Might Be Your Best Opportunity

Samantha Tunador
Sep 5
1 min read

Have you found yourself thinking, “I’ll just wait until rates drop…” or “Maybe prices will come down”? You’re not alone. But here’s the reality: waiting may feel safe—but it could be one of the most expensive financial decisions you make.

The cost of waiting to buy a home may be higher than you think.

Home prices in our region continue to rise. Meanwhile, rent payments are 100% interest—money you’ll never get back. The idea that you’ll time the “perfect moment” is a myth. The right time is when you are ready—and the right lender and agent help make that moment possible, even in this market.

Consider this when it comes to renting for another year. You will be out your rent times 12, for example, $3,500 per month is $42,000 gone at the end of the year. Plus the house price is likely to go up. The $700,000 home you are looking at today, could cost $735,000 a year from now assuming it goes up by the national average of 5%. You will be out the rent and the equity gain, a possible $77,000 lost. What would it cost you to break your lease? Likely one to two months rent. Would you rather be out 7k or 77k?