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Local Expert Says Houses On Market Going Fast - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Local Expert Says Houses On Market Going Fast

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When it comes to growth, there's been plenty to report in West Fargo and South Fargo. Now some experts are saying that the housing market is starting to pick up as a result. They say if you are ready to buy a house now is the perfect time.

Deb Nordby a real estate agent in Fargo says the question is not so much price of the home it's if you can even find one.

"It's the time to start looking, it's again, because the inventory is low in some areas, you have to be on your toes." Says Nordby, "They have to be pre approved by a lender, and they have to be ready to jump when the house they want comes on the market."

She says it's a trend that's going to continue, fewer and fewer houses are going to be on the market.

As good as it sounds, Jenna Bourger, a financial advisor says the biggest mistake people make is rushing into buying a home.

"You might not have really thought about what your goals are," says Bourger, "Just some examples, maybe if you purchased a home, and you didn't realize that you might be expecting children in the next couple years, and didn't really think about child safety, a big back yard, things like that."

While Bourger agrees the market for buying homes is picking up, she thinks it's important to take a look at your specific financial situation.

"Market rates are always a factor, but so is your credit score," says Bourger, "So that might be better six months down the road, even if the interest rate in the market is higher you might qualify for a better interest rate depending on your credit."

But if you have decided it's time to buy a house, Nordby says go for it. "Yes, buy it," says Nordby, "Cause it's not going to last, then you might have to look and look and look, and wait and wait and wait."

If you want more advice about buying a home The Village financial resource center offers classes online and in person.

The Village Classes Website: https://www.helpwithmoney.org/housingandforclosure

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