Waiting to make your real estate move may put you at a disadvantage.
In today’s volatile environment, should you buy or wait? The current state of the world is undeniably chaotic, characterized by soaring interest rates and limited housing inventory. This situation prompts various responses, with some individuals eager to buy while others hesitate.
As a homeowner, you may find yourself contemplating your options. You might have secured a favorable interest rate when you purchased your property and now wish to upsize or relocate, but you’re reluctant to relinquish that advantageous rate.
The reality is that this is a gamble. Waiting carries the risk of facing higher interest rates. So, should you wait it out? Not necessarily, because you can always explore the option of refinancing. Banks will remain accessible, although the specific institutions may change. However, the prevailing risk is that interest rates may continue to rise.
“Now is not the time for hesitation.”
The timing of this discussion is pertinent, given the upcoming election cycle. If we were to speculate, it’s conceivable that interest rates will increase at least twice in the next 12 months. This isn’t meant to alarm you, but it’s essential to consider these potential shifts in the market.
In contrast to other investment options, real estate offers a degree of control. In this tumultuous environment, purchasing property presents opportunities for savvy negotiation. Engaging a skilled real estate agent to navigate these negotiations is pivotal.
Currently, you can negotiate various aspects, such as closing costs and buy-downs, even accessing special lender programs with favorable terms. We understand that the real estate jargon can be overwhelming, so feel free to reach out to us for guidance. Our aim is to ensure you secure the best deal, avoiding overpayment when buying or selling.
When selling your home, we’re committed to ensuring you receive a fair deal, allowing you to achieve your financial goals. Our strategies can facilitate a win-win situation as you transition from one property to another.
Now is not the time for hesitation. It’s an opportunity to analyze the current landscape and leverage it to your advantage. We’re here to help you navigate this dynamic market, so don’t hesitate to call or email us for assistance.
