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Home Buyers, I hear some of you are getting a little nervous about the real estate market. I am hearing questions like, “Did I miss my chance?”, or “Since interest rates are going up, will I be able to afford to buy a home?”.
I get it, most people I know like to feel like they “got a deal”. People also like to talk at parties about how low their interest rate is or how good of a negotiator they are. I know I’ve been there. You may not be buying at rock-bottom prices, but there are a couple of compelling reasons why I think it’s not too late to buy a home.
1. Even interest rates in the 4.5% range are so incredibly low when you look at it historically. Many people can recall the double-digit mortgage interest rates of the past.
2. Although prices for homes are going up they still have not fully recovered to the levels they were just a few years ago. There are still bargains out there and depending on your market and price range there is still quite a bit of housing inventory to choose from which will definitely help your Realtor negotiate the best possible deal for you.
So if you’ve been thinking of buying a home, don’t put it off any longer. Give your Realtor a call and don’t miss out on opportunities available now