• Your life is in transition or in a period of instability. Perhaps you are in the process of changing jobs or your current company is in a downsizing. Or you may be in the midst of a divorce and this causes a significant change in your finances, or even impairs your ability to emotionally go through the process of buying a home. These may be a good times to stay in contact with your realtor and continue to receive market updates from them.
• You won't be in the area for long enough to realize an appreciation on your home. Fortunately, the Ithaca real estate market enjoys a climate where homes traditionally appreciate more than homes in neighboring communities. In the worst case scenario, you don't have a good down payment to put on a home or you have a "no money down" mortgage. Two years pass and it is time to move. Not only do you not have any equity built up in your home, but you may not have enough money for closing costs. Again, my advice is to stay in contact with your Realtor, have them inform you of new listings that fit your criteria when they come on the market and keep you apprised of real estate market conditions.

There's no better feeling than investing in a new home at the right time. As I said before, when the time is right, I will be here.