What does this mean for aspiring Home Buyers and Real Estate Investors? 👇
Over the past year many Buyers hit pause on their home search, waiting for interest rates to come back down.
Timing is everything in real estate and history tells us that those who act when others hesitate typically come out on top.
Here’s the deal: The Federal Reserve is expected to announce its first rate cut in September. The media will jump on it and It will begin changing the Buyer psyche - 'the wait is over' they'll assume and re-enter the market.
When rates do finally continue dropping this tsunami in demand will quickly drive-up home prices, shifting power back to Sellers (a Seller’s market).
We’ll likely see multiple offers (highly competitive bidding wars) and Buyers again paying above appraised values. This trend of higher sale prices may then continue for several years, historically speaking.
The sweet spot to buy is now. With homes sitting longer on the market, you’ve got the upper hand to negotiate better deals (lower prices, seller credits and below-market interest rates). But remember this window won’t stay open for long.
The biggest opportunities come to those who move before the crowd. Act now while rates are favorable and competition is low.
Message me or call me at 954-464-5434, and let’s jumpstart your home search today so you can secure the best deal before the market heats up!
