Does it make sense to buy a home now?
Homebuyers ask themselves this question all of the time. Real estate agents have to have a good answer for it. You can take your best guess at the answer, but wouldn't it help if you could visualize the results of whatever decision you make?
Of course it would! With the help of handy software, homebuyers and real estate agents can see the scenarios that might happen if the homebuyer decides to wait.
Let's look at this software and how it illustrates what impact waiting may have on the purchase of a home.
As you can see, there are only three possible scenarios: prices go down and rates go down, prices go down and rates go up, and the killer: prices go up and rates go up!
The numbers may change, but homebuyers and agents must know that waiting for prices to come down may be offset by rates going up, or vice-versa, or the worst scenario: rates up and prices up!
Phil Caulfield NMLS #386911 APMC #1850 has been helping people obtain mortgages since 1985. The views, articles, postings, and information listed at this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.