Should You Wait to Buy Property?

The idea of waiting for interest rates to drop may feel like the ultimate money move today. But does waiting really pay off when it comes to buying your own home?

Certainly, lower rates mean a drop in your monthly payment. But the potential danger may lie in the fact that rates aren’t predicted to drop any time soon, and you also won’t be the only one eyeing those lower rates.

With Spring upon us, more buyers will be hitting the market and the competition for fewer houses will prove challenging. This is a scenario where multiple bidding become the norm. Suddenly, even lower rates might not save you as much as you had hoped, as prices shoot up.

We all remember that we lived through this type of market not too long ago. So, if you are ready to tackle homeownership, don’t get caught up in waiting for rates to drop. Remember, timing the market isn’t everything, it’s about being smart with your current circumstances and wealth. So, plan on finding a good, licensed Real Estate Agent and Mortgage professional to help you find a good family home, upsize or downsize into your dream home.

Best,

Ken & Ari Walker - Your Direct Private Money Source

Husband & Wife Team

Phone: 707-708-0797 / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401
Ken: CA DRE Broker #01858042 / NMLS #1221130
Ari: CA DRE #01858152 / NMLS #2170867

Bio: Ken & Ari are a husband & wife team with over 30 years of combined real estate and private money lending experience. They like working with buyers & borrowers, as well as directly with other licensed individuals who have clients in need of fast & alternative financing, and who can benefit from Private Money mortgages. (Qualify for our financing despite DTI ratios, credit score, property condition, difficult to prove income, etc. on purchases and refinances for owner occupied & investment properties.)