HOME BUYER'S FREQUENTLY ASKED QUESTIONS

The answer depends on your personal situation and what "good" means to you. Right now, interest rates are higher compared to the historically low rates we saw during the COVID years. However, it’s important not to be swayed by alarmist headlines or social media posts from so-called experts. During the pandemic, buyers were often paying above asking price, and it was common to face intense competition without receiving any seller concessions.

 

Today, the market is more balanced, and many sellers are willing to offer concessions, such as covering some of your closing costs or even providing a rate buy-down to help offset higher mortgage rates. So, while rates might be higher, there are other advantages that can make it a good time to buy, especially if you are well-prepared and looking for a home that suits your needs.

 

It’s also worth considering that when interest rates eventually dip, the demand for homes could increase, potentially shifting the market back into the seller's favor. If you’re ready to buy now, you may be able to lock in a good deal before that happens. The right time to buy is when your personal circumstances align with your goals—whether that's finding your dream home or making a sound investment.

 

I can help you navigate the current market and strategize the best approach for your home search. Let's discuss your goals and create a plan tailored to your needs.