People are asking! The news has you freaked out about interest rates but now is actually a less expensive time to buy than during the sellers market. I’m going to give you the top 5 reasons why.
Most homes on the market today are sellers who need to sell, not just looking to see what inflated price they can get on their home.
Sellers may be more willing to offer more concessions like closing cost credits, rate buy-downs, or repair costs.
Sellers are no longer expecting buyers to remove all their contingencies with an offer. So go ahead and do all the inspections!
There are more homes on the market to choose from.
Since a lot of buyers are trying to wait out the high interest rates there is less buyer competition.
Should you wait to buy or take advantage of the lower prices and more inventory despite higher mortgage rates? If you can swing it financially to take advantage of this market, then yes, you should buy now.
In today’s market, buyers have way more leverage to negotiate with sellers now.It’s important to remember two things. 1 appreciation is helping you increase your equity and 2. Interest rates go up and down. Keep your credit tight and refinance when rates drop.
If you’ve been waiting and are ready to get moving holler at me. I’m here to help you succeed in buying a great home.
I’m your Community Market Leader Sherri Echols, a helping hand for a happy home.
