The Dilemma of Buying a Home Now or Waiting for Lower Rates

May 28,2024 | Posted By Dinorah Carmenate in re

In this article, the expert from Realtor.Com goes into the pros and cons of buying now while the rates are higher or waiting until the rates come down a bit. There are obviously pros/cons to both sides.

After reading the article the number one downside that I saw about waiting for interest rates to come down was . . . COMPETITION. Once rates come down there will be a lot more buyers in competition to purchase a home.

Also when there is more competition guess what . . . prices increase.

Here are my thoughts. Buy now and when and if rates go down, I’ll be the first person to call you so David can refinance your loan and lower your payment.

Remember there are always lots of options out there to help you buy your first home or right-size your existing home. Call me and let's put a plan together.

Click Here to Read the Article
Source: Yahoo! Finance