If you’re in the market for a new home right now, then there’s no doubt you’ve heard the “Oh my gosh, you’re looking for a house NOW? With these interest rates?” Accompanied by a furrowed brow.
People hear “7% interest rate” and think the sky is falling in.
But there are some major perks to buying a home this time of year.
- Interest rates going up have started to bring house prices down. Ummm, major bonus for the first time in a long time.
- Inventory tightness has lightened significantly. Not too long ago, when a home went up, you had to arm wrestle a dozen opponents. That’s greatly settled, often allowing you to finally find that dream home.
- Which also opens up other buyer benefits, like being able to get an inspection, having the Seller often pay for closing costs or to tidy up any small issues with the home.
- And the strategy is… buy the dream home today while you finally can — and refinance tomorrow
If you’re on the fence and just want to talk through your options at the moment, know we’re super low-key when talking to new people about all things home and mortgage. We won’t pressure you – we promise. If you want to start a conversation, we’re here to help.