Buyers can have the upper hand even with high interest rates for several reasons💁‍♀️ 👉Seller Concessions: Sellers may offer concessions like paying closing costs and buying down points to attract buyers. This can reduce the upfront costs for buyers and make the purchase more affordable despite higher interest rates. 👉Negotiation Power: In a market where there’s a perception that home prices might go down, buyers may have more negotiating power. They can leverage this uncertainty to potentially secure a better deal on the home’s price. 👉Affordability: High-interest rates can lead to lower demand for homes, which might put pressure on sellers to make their properties more affordable. Buyers who can secure financing at these rates can capitalize on this situation. 👉Future Rate Speculation: Waiting for interest rates to go down can be risky. Rates can fluctuate, and predicting future movements accurately is challenging. Buyers who act when rates are high but stable may end up with...