I hear it all the time: “We’re gonna wait for the prices to go down before we buy.” I understand, people like to play it safe and be cautious. My thoughts are: Instead of waiting, and hoping, and speculating on what may or may not happen, why don’t you be proactive and educate yourself on what you can do to take action today that’s going to benefit you in the future? 👌🏽 Yes, rates are higher. What does this really mean? Your monthly payment is going to be higher. The amount you qualify for is going to be lower. Both things suck, yes, but what are sellers doing to counteract these things? Prices are drastically down from their highs, and sellers are offering incentives in the form of cash at closing in which you can use to buy down your interest rate, which will lower your monthly payment. It all comes full circle, you just need an advisor to help guide you through the process and numbers. If you’re in the market to buy and you’re thinking of holding off, the best game plan here is to buy a home at what is now a discounted price, negotiate closing cost from the seller, apply those funds to a rate buydown (talk to your lender), and now you’re working with an interest rates 2% lower than prime. So now you’ve got the house at a discount, the interest rate at a discount (temporarily), your monthly payment is more manageable, and you’re now building equity instead of renting. FYI the interest rate on rent is 100%. Like and follow for more real estate education 🙏🏽 #education #realestate #realtortips #realestatetips #realestateeducation #realestatecoaching