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Buying in this Market?

10/18/2022

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Here are the TOP reasons to Buy in this Market! 

We have all seen the headlines; Rising Prices, Higher Interest Rates, and an increasing demand for housing. 
It is true. Interest Rates have increased, prices have increased, and demand remain high. Because of these reasons, the market has made a shift to benefit you as a buyer! 
The Market now allows you to negotiate the terms of your contract with the sellers to benefit you!

Here are the Top Reasons how this market can benefit you as a buyer! 

Choosing the Right Home. Before when the interest rates were at all time low, buyers were more likely to submit an offer on many homes at a time. Why, you might ask. Well due to many competing buyers, a future homeowner wanted to attain their homeownership goals. At this time, this meant that we needed to see as many houses as possible and submit offers! In today's market, the buyer has more of an option to be a little pickier and choose the right home for them!  Higher inventory means less homes are selling and more options to choose from. 

Lender Options. Today, more and more lenders are creating programs to accommodate the buyers and their needs. Programs exists that allow you to lock your interest rate while you are shopping for a home. Another great program offered by a lender is the FREE 3yr Refinance. This means when the interest rate drops, the lender will completely refinance you for free!  
Lastly, a 2/1 Interest buy down program allows the buyer to lock in a lower initial rate that increases per year. At year 3 it is recommended to refinance to maintain a lower interest rate! 

Seller Concessions. Already found a great lender with an awesome program? Dont forget that sellers are more likely to negotiate the terms of the contract. Amongst the terms you can ask is for them to pay your title fees, you can ask for closing costs assistance, drop the price, and one of the more popular options is to have the seller buy down your interest! Consult with your Realtor for the best options. Is the seller a builder? Great! Builders are equally as negotiable if not better! Builders are now offering more and more incentives! Dont miss out.
*Negotiations are a case by case scenario. 

Now that you have the benefits to buying today, give me a call to schedule your FREE no Commitment Consultation! 
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    Author

    Christian Chapa
    ​Realtor®
    Laredo, Tx

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