Should We Wait for Interest Rates to Adjust?

3 Real Estate Smart Keys

3 smart real estate keys
2 minutes
1 great outcome for you

The question everyone is asking: When will interest rates come down?

The answer is: We don’t know. No one has a crystal ball.

With the loud chatter about interest rates, are you thinking of waiting or buying now? What should you do? While we all want to know when the interest rates are going to come down, no one can tell us when this will happen.

We do know, though, that home ownership is one of the best ways to create stability and to create wealth. This has been proven over and over throughout real estate cycles and the ups and downs of interest rates.

The bigger question is: Are you willing to delay and miss out on building equity in a home that you own? With your own home, your payments pay your mortgage and not someone else’s mortgage.

Here are 3 real estate smart keys to consider:

Real Estate Smart Key #1 – Start building equity in your own home. Every rent payment you make helps someone else build equity and value, but it doesn’t help you. If you are paying, for example, $2,600/month in rent and you wait 13 months to buy, that is almost $34,000 going to someone else. How much longer do you want to help someone else at your own expense?

Real Estate Smart Key #2 – Refinance when rates go down. When rates go down, refinance your loan at a lower rate. Lenders will help you calculate when it makes sense to take this step to lower your monthly payments.

Real Estate Smart Key #3 – Get a guide. Just as you would with any high-risk or high-dollar adventure or procedure, use a knowledgeable and full-time guide. A professional guide will prepare you, explain all the steps, and guide you as you move through the process of committing to a 6- or 7-figure purchase. With our team, we are in real estate full-time. Plus, there is a bonus because we have deep experience in new construction, renovations and investing, so our mindset is all about making smart decisions.

After all, you’re not just buying a house. You’re buying a lifestyle. You are creating a story. With our team, you won’t be a lone ranger. Instead, you’ll be prepared and guided every step of the way throughout your house hunting adventure, and it is an adventure. There will be a few twists and turns, and we will do our best to soften these. Give us a call or text today to get started on your new home adventure.

Cheers to you achieving a smart outcome that matches your lifestyle goals.