Why It's A Good Time To Buy A House
You might be thinking “Christina, how is it a good time to buy a home if the rates haven’t decreased yet!?” I’m here to tell you, that is the exact reason it is a good time to get into the market! It's crucial to shift your perspective on interest rates. Picture a scenario in which we didn't have the historically low COVID rates, and you'd find that the current rates would not deter homebuyers in the least. I have said it before and I will say it again – It’s always a good time to buy, if you can afford it. Since rates haven’t dropped, we are in a buyer’s market, meaning the supply is greater than the demand. When we are in a buyer’s market, the quality of homes that a buyer has at their fingertips is bountiful. Buyers won’t be in bidding wars, they won’t have to buy the house with no conditions, they won’t have to move forward without getting a house inspection. These are all crucial aspects of buying a home, you want to have good quality, to add any conditions necessary and to be aware of any faults in the home. Once the rates drop, as anticipated, the number of buyers will increase heavily and we will start to see all these buying advantages slip away. Therefore, if you can afford it, start to have conversations with me so you can dive in and reap the benefits of the great market conditions we are currently experiencing.
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