Tell me again why you’re not buying real estate right now. High rates, you say?
Well heck yes rates are crazy high and nobody saw this coming not that many months ago, but should you put your homebuying plans on hold?
No.
In fact, I argue that right now is an extra opportune time to buy.
We’ve seen something of an uptick in supply plus so many other people are convinced they need to drop their buying plans. Right now you have less competition for more properties.
But how does that help if you can’t afford the higher rates?
Less competition for a property means there is a strong chance you’ll get a better deal on the property.
The bottom line is that you need to have a willingness to try and you need to have a lender or other professional on your team to crunch the numbers.
And just maybe you’ll need to consider neighborhoods adjacent to your dream neighborhood to bring the price tag down.
But there is absolutely nothing to be gained by staying on the sidelines right now. Prices in the beach cities always go up in the long run. It will be more expensive later to buy plus you’ll have more competition as buyers come back in to the market. More buyers means more competition and even higher prices.
To quote Tom Ferry, a world famous real estate coach, “pick your hard.” Last Spring rates were low but competition and prices were crazy high. Now the rates are high and it’s time for a pivot, but there is always something to pivot to.
Did you see my recent article outlining nine interest rate hacks? Like our grandmothers told us, “where there is a will, there is a way.”
You bring the will and I’ll help with the way.
Still think you should wait? Read 3 Data-Driven Reasons To Buy Right Now.
And if you still have doubts or questions, join me for digital office hours on Sundays and Thursdays to ask me your hardest questions.
Now tell me again why you aren’t buying right now….