But you only have a few months! Interest Rates are lower now then they will be in years.
Professional advice from an experienced REALTOR® in Arizona. Brian Bemo at Bemo Homes states that “Historically, around 6% is a pretty normal interest rate to buy a home. But in a few months, the rates will almost for sure be over 7%!”
Rates won’t drop again till 2024 or later.
And at that point, the homes will have increased in price, so you would have to pay more for that same home in 2 years, then you would now.
Good news is that most lenders offer extended interest rate locks for up to 90 days, so you can take you time looking for that perfect home and not stress about the rates going up.
The best part for buyers is that Now you have more leverage, and a lot of homes to choose from, compared to a few months ago when there was nothing. The market has changed from a sellers market, to a buyers market. Giving more “power to negotiate” to the buyer.
BOTTOM LINE: It’s a better time to Sell and Buy right now, then it will be in a few months. Brian Bemo, a top Real Estate Agent in Scottsdale, says: "Buy Now! And then in a couple years when the interest rates go down, you can refinance."
If you are thinking about buying a new home or selling your home, please contact Brian Bemo today. At least look at a few homes to see if find any homes you like.
View all the newest listings in Scottsdale, Phoenix and all the Maricopa County cities.
ACT NOW BEFORE RATES GO UP!!
Call, email or text me for more information and if you have any questions.
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