With interest rates on the steady will more buyers decide to enter the market?
In these trying times with moving rates, talks of war and a total eclipse no pun intended we believe based on national statistics that more buyers including first time buyers would continue to enter the market looking for deals.
Are there deals to be had?
That depends on who is asking but more importantly who is looking. Sellers list and buyers buy if the price is right and the monthly mortgage amount is attainable. It also depends on location. In some areas, houses are sitting on the market and in others, houses are going pretty fast.
Its not just buyers that are waiting for the right opportunity but sellers as well. Some sellers would love to upgrade to their dream home, others would downgrade because they are empty nesters. In either scenario they will need some assistance either on the buy side or sale side. Interest rates are affecting both sides determine to stay put or move along. For buyers there are so many programs that assist with either down-payments, closing costs or help in the reduction of your mortgage taxes. This is why it is essential to work with professionals that can deliver.
If you are a buyer wishing to own your own home or wanting to upgrade, weigh the opportunity with all costs in mind. Who you work with is paramount, partner with a team of professionals like a real estate agent, real estate attorney, mortgage broker and home inspector just to say the least. They will do their due diligence ensuring that with all costs in mind you are comfortable but most importantly happy.
Let’s eclipse!