Thinking about buying a home, but unsure if now is the right time? Maybe you’re waiting for interest rates to drop or saving for a bigger down payment. That’s totally understandable. But here’s something you might not have considered: waiting could actually cost you more in the long run.
Let’s break it down.
Interest Rates Go Up and Down
Yes, today’s interest rates might seem high compared to the past. But there’s no guarantee they’ll go lower anytime soon. And even if they do, you always have the option to refinance later. That means you could buy now, lock in your dream home, and refinance when rates improve.
Home Prices Are Still Moving
While you’re waiting, home prices might continue to rise. That means the house you love today could be more expensive next year—not just because of price increases, but also because of added competition from other buyers.
Building Equity Sooner
The sooner you buy, the sooner you start building equity. That’s the part of the home you own, and it can grow quickly, especially in a rising market. Renting or waiting doesn’t give you that same benefit.
Your “Perfect” Time Might Never Come
Life doesn’t always wait for perfect timing—and neither does the housing market. If you’ve found a home that fits your needs and budget, don’t let fear of interest rates hold you back. Let’s talk it through and run the numbers. You might be surprised how it all adds up.
Let’s Chat
If you’re on the fence, reach out. I’ll help you explore your options and see if buying now makes more sense than waiting.