"I'm going to wait for the market to drop before I buy something else and sell my house" - We heard that all last year. A lot. Yes, the market has slowed down and home prices aren't soaring through the roof like before, and the market is making a correction, which involved the interest rates increasing.
Now we're hearing potential homebuyers saying they should have bought when the rates were down, even though prices of homes jumped.
Good news is - you can. You can buy down your interest points, you can refinance when rates go down, there are options available to you. This is not the be-all and end-all. Talk to your finance person/lender about this and they will have all of the answers for you. Then we can help you with your home search if you are looking to buy. We can, of course sell your home too. It's still a seller's market believe it or not because the inventory of homes is still low. Call us anytime if you have any questions, we're always available.
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