You are not buying a burger or a dress, you are even not buying a car and it is a lot more serious now, you are buying a house – a place to live in now and for a long time, a place that you will turn into a home, which will answer your needs not only in this particular moment, but later in your life as well. And buying is indeed all about timing. So you better not act too hastily.
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Is it the right moment?
You will most probably buy a house in a certain moment in your life, but the question is: is it now the right moment? This whole thing is connected with a lot of money. Will your savings be enough or could you take a loan now? Are you going to mortgage? You should first find the answers of these questions and if somehow you believe that buying a house will ruin your lifestyle and cause some inconvenience, you should maybe put it off for a little bit later in your life.
If, however, you have the money, the next logical question is: what is the housing market condition now? Yes, you can buy a house, but is it now worth it to spend those money or will you be able for the same amount to purchase a bigger house only a couple of months later. Here you should consult with a real estate agent, who is perfectly aware of the market in a specific area like for example a person who will give you some wonderful advice and offers for houses for sale in Docklands.
And if everything seems alright, ask yourself are you ready for such a step in your life, are you ready for this responsibility?