Homebuyers – Don’t Be Twiddling Your Thumbs While Waiting For Better Interest Rates

Many Homebuyers today are feeling caught between higher interest rates and rising home prices.  They want to buy now because home prices are increasing, while at the same time, they want to wait until interest rates come down a bit – hopefully later this year.  If you choose to wait for better interest rates, here are a few things you can do

If you want to buy a house and are waiting for better interest rates, here are a few things you can do while you wait to be sure you are ready to go when the time comes.

Have patience and don’t be discouraged!

The right house will be out there and will be available for you to make your offer when the right time comes.

Get to know a mortgage lender and establish yourself as a client.

Before you go looking for a home, you need to know how much you can afford. Have the lender give you full approval subject to finding the right home.  I know some great lenders and would be happy to introduce you.

Get to know the neighborhoods

If you don’t know exactly where you want to live, check out different parts of the city.  Walk around the neighborhoods and check out some local restaurants, pubs, and coffee houses. Meet some people and let them know you’re looking to buy and want to learn something about the neighborhood.  The neighbors often hear about houses coming on the market before the real estate brokers and the general public, so keep your ear to the ground.

Check out open houses in the areas you like.

This will give you a sense of the types of homes in the area, the condition of homes, and the difference between a good remodel and a home that needs some work.

Know what you are looking for.

Use this time to get a good feel for what you want and need in your new home.  Talk with me and let me know what you like and don’t like. I can keep an eye on the neighborhoods you like and be ready to help you as soon as you know you’re ready to jump in.

Be ready when the time comes

Great houses are still getting multiple offers. You will be ahead of the game if you have everything ready to go when that perfect house comes to market.

Buying a home is an exciting process.  When you are ready, I can help you through the process with the patience and determination to help you find your new home.

Let’s talk!