Should You Wait to Buy or Sell a Home Right Now?

Hey guys! Rodrigo Ballon Cross Country Mortgage. So people are asking us: Should we wait to write an offer? Should we wait to sell our home?

The answer is no. There is less competition. There are no multiple offers on a home. So what if the interest rates went up a little? So what?

You can do a 2-1 buydown on a conventional loan. You can purchase the home, or you can refinance down the line. These rates will not remain this high for so long.

If you have any questions, if you want to go over any numbers at all please let me know, I’m happy to do a one-on-one consultation and break it down to see if it makes sense for you.

A lot of people are asking us: Should we wait to write an offer? Should we see if prices are going to drop? Other people are asking us if we should wait to sell?

The answer is no. Write your offer. Why? There is less competition.

Should you sell now?

Absolutely, sell now! Cash out on the equity and go buy yourself something else with less competition. Now is the time to make your move.

If you’re worried about your payment and the interest rate in the current market, currently we are historically fantastic. So what if the interest rate is a little bit higher. At least you get into the house.

In the last 3 months to a year and a half it has been multiple offers and over bidding. It has been a horrible war to get your offer accepted. It is getting so much easier. Take advantage of it now.

If you want to run any numbers, give me a call. I’m happy to chat with you one-on-one.

Lots of people are asking us should we wait to buy? Should we see what the market is going to do? Should we wait to see if the interest rates are going to rise? Should we wait to see if the interest rates are going to drop?

Simple answer, yes go buy!

Take advantage of no multiple counter-offers. If you see a little bit of counter-offers, it’s going to be way less than what it was before. The point is that there are less competitions a year, and your offer is accepted.

Interest rates are still fine. You can do a 2-1 buydown and obtain a lower interest rate. 2% less than market rate your first year. 1% less than market rate for your second year. It’s amazing you take a 5.5 rate, you pay 3.5 your first 12 months, you pay 4.5 your next 12 months.

If you guys have any questions about this let me know. I’m happy to discuss this one-on-one with you.