Waiting To Buy a Home Could Cost You

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Buying

A lot of buyers are frustrated with the current market - with the lack of inventory, competing with multiple offers, or just not finding what they want - and I've heard from a number of clients that maybe they'll just wait it out and see how the market changes.

While I understand why they might want to do this, I urge them - and you -  to consider the potential financial impact of kicking the can down the road.

The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise.

Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point.

Just take a look at the infographic, showing at three different price points just how dramatic a difference even small interest rate changes will make to your monthly payment.

That extra money could go a long way toward home renovation projects, investments, or even just a nice vacation - you've earned it!

Don’t assume waiting will save you money. Let’s connect to set the ball into motion today while mortgage rates are hovering near historic lows.

- Alison

 

Waiting to Buy Inforgraphic