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!
Do you need help with or a question about a mortgage? Call or text me at (650) 222-0386, or e-mail me.
Guarantee Mortgage is a division of American Pacific Mortgage Corp. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, and the California Bureau of Real Estate. American Pacific Mortgage Corporation NMLS #1850, CAL-BRE #01215943. Single Family, Multi-Family and Commercial Loans. Equal Housing Opportunity. Equal Housing Lender.