11/29/2023
Dear Buyer waiting for 6% rates again:
So are thousands of others. Meaning when you finally decide to buy, you will be competing with several others who also waited.
Remember the last time rates came down and everyone and their mother was buying a house? I do and prices shot through the roof. Sure you had 4% rates but you were also having to bring $20,000 on top of asking price to secure the house.
Oh and one more thing.
You know who else is waiting for 5% rates? Sellers. Sellers who know prices will go UP ⬆️ and can get more from you soon than they can today.
Let me summarize this for you as a friend:
-You can pay $375,000 now for a house at 6.5% or you can potentially pay $450,000 for that exact house later at maybe 5%.
-There is a chance you can secure that $375k today and later on refinance at 5%. Meaning you get the best of both worlds.
Anyways, just my 2 cents. Do with this info what you want.
