It's a Good Time to be a buyer

by Guy Lofts

It's a Good Time to be a Buyer.

Now I know that sounds absurd, but hear us out....

Over the last 24 months, many buyers had to purchase a home sight unseen, waive contingencies and bid high above the asking price to get a home.

Good Buyer, home Buying, Real Estate, Madison Wisconsin

Most buyers had to compromise.

With the feds being satisfied the economy is under control, there will be no further rate hikes, and even hinting at rate reductions later in the year.  This gives home buyers in Dane County, a brief window of opportunity, to buy a home, with limited competition. 

Why would we say that?   

The out look for the supply and demand for homes is that of continued housing shortage, causing increased upward pressure on prices.   In other words, homes will continue to increase for the foreseeable future.  

Furthermore, Add the fuel of lower interest rates and the market will likely be insane.  Competition will be similar or worse to last spring.

If you act NOW, while you may pay slighter higher interest rates, your price will be lower, AND we have lender partners who have interest rate options as low as 6.5% and others offering options to refinance when rates drop, (some for very low costs) to reduce your long term costs.

 

We do have lenders who have very good programs and strategies to soften the hit of the monthly payment.

Of course, we don’t have a crystal ball, but given what we know now, the decision to buy now might be worth considering.  Let’s schedule a call to discuss.   or email Guy@realestateguy.net

 

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Jacqueline Knight

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