As a local real estate expert with a billion dollar brokerage, we see the impact news headlines have on the real estate market. It’s important to not let news headlines dictate your decisions when it comes to buying or selling a home.
One of the most common misconceptions about the real estate market is the impact of rising interest rates. While it’s true rates are slightly higher than a few years ago, there are other factors to consider making real estate a hotter buy than ever before.
For one, buyers no longer have to pay over asking. In the past, it was common for buyers to have to pay well above the listed price of a home to secure it. But now, with the market becoming more balanced, buyers have more negotiating power. This means they can often get a better deal on the home they want.
Another advantage of buying a home now is the ability to refinance into a lower rate later. Even if interest rates continue to rise, buyers who purchase a home now can take advantage of lower rates in the future. This can save them thousands of dollars over the life of their mortgage.
There’s the standard appreciation real estate typically experiences. Over time, the value of a home typically increases, and buyers benefit from this appreciation by selling their home for more than they paid.
As a local real estate expert, I see firsthand the importance of not letting news headlines dictate your decisions when it comes to buying or selling. If you’re in the market for a new home, don’t let the news headlines scare you away. There are still plenty of opportunities to find a great deal and make a sound investment.
And, as a local real estate expert with a billion dollar brokerage who’s selling 5-10 homes a day, I can help you navigate the market and find the perfect home for you. Contact me today to lear