Ask Gina: Should You Buy a Home Now or Wait?

Thinking about buying a home but wondering if it’s better to wait for lower interest rates?

You’re not alone — this is one of the most common questions we get from homebuyers across Bergen County and Northern New Jersey.

In this week’s Ask Gina segment, Gina Fierro, Buyer Specialist with The Gill Group, explains why waiting might actually cost you more in the long run.

🎥 Watch the full video below to hear Gina’s insights firsthand.

Why Buying Now Could Be a Smart Move

According to Gina, while mortgage rates may drop in the coming months, that shift will likely bring more buyers back into the market. When demand rises, home prices tend to climb, and competition increases — especially in popular Bergen County communities like Ridgewood, Wyckoff, and Franklin Lakes.

That means buying now could give you an advantage:

• You can secure today’s pricing before values increase.

• When rates go down, you can refinance for a lower monthly payment.

• You’ll avoid bidding wars that often return in a hot market.

As Gina puts it: “Buy the home now, and refinance later when rates drop — you’ll thank us later.”

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Local Perspective: What’s Happening in the Bergen County Market

Across Northern NJ, we’re seeing steady buyer interest and limited housing inventory.

In towns like Ridgewood, Allendale, and Ho-Ho-Kus, well-priced homes continue to sell quickly — a sign of strong local demand despite higher rates.

If you’re considering entering the market, now is a good time to start the conversation with a local expert who knows the nuances of our area.

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Frequently Asked Questions

1. Should I wait until mortgage rates drop to buy a home?

Not necessarily. When rates drop, buyer competition and home prices often rise. Buying now lets you lock in a property before prices climb — and you can refinance later.

2. Is it better to buy or rent in Bergen County right now?

In many cases, buying offers more long-term stability. With rental costs increasing across Northern NJ, owning can build equity and protect you from rent hikes.

3. What if I can’t find the perfect home yet?

Our team can help you strategize. We’ll monitor new listings daily and alert you when the right home becomes available.

4. How do I get started with The Gill Group?

Simply reach out through our website or schedule a buyer consultation — we’ll walk you through financing, neighborhoods, and next steps.

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Ready to Buy in Bergen County?

Whether you’re a first-time buyer or relocating to Northern NJ, our team at The Gill Group is here to guide you every step of the way.

📞 Contact us today at 201-888-2900 or visit GoWithGill.com to connect with one of Bergen County’s top real estate experts and start your home search with confidence.