Now that rates are in the 7%âs you might feel like youâve been priced out of the buyerâs market, but thatâs not necessary true. Hereâs my take:
Sure, rates have gone up, but they are currently sitting at or around the all time average in the US. So, itâs time to forget about the past and focus on the house that you love and keep in mind that todayâs rates are average and fair in the grand scheme of things.
AlsoâŠI think it helps to understand that prices in Nashville donât seem to be dropping, so buying now is beneficial in the long run. Yes, at a higher interest rate, but youâre marrying the house and dating the rate. What I mean by this isâŠyou fell in love with the home and can refinance the rate (many times for FREE) if and when it drops.
Working with an experienced agent helps a lot too! Good agents can negotiate discount points or seller incentives on your behalf. This can lower your rate right from the jump. In fact, I recently saw a listing offering a buyer incentive ...