I’ve had this conversation, no joke, with 7 buyers since last week. I am saying it in my sleep at this point.
But the reality is, there’s no good or bad time to buy a home.
Lower interest rates = higher priced homes and 𝑚𝑎𝑛𝑦 buyers in the market.
Higher interest rates = homes still priced accurately, perhaps less buyers to compete with and the opportunity to refinance to a lower rate in the future (psst! Your home value will have also gone up by then so you have 𝐸𝑄𝑈𝐼𝑇𝑌).
Pumping the breaks is legit and we completely understand if it causes you to not be able to make a mortgage payment. But if you’re pumpin’ thinking you’re going to get this amazing deal when rates go down…we’ve been in the industry long enough to see the writing on the wall and remember the emotional roller coaster it can be for buyers.
I hope this video was helpful and causes you to take a moment yo evaluate what’s best for you both presently and for the future.
If you want to dissect this a little more and talk it out with me, I’d love to do that! Over the past week I think I’ve seen a few lightbulbs go on and buyers are now rethinking their strategies and letting off the brakes because they know that homes aren’t getting any cheaper, more buyers continue to enter our market and our city and the big picture of hopefully refinancing makes it not as overwhelming now.
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