Blog

April 3, 2024

Should You Wait To Purchase a Home?

Author: Megan Bock

Keywords: Bock Realty Group

 

Here’s what you need to know about waiting to purchase a home.

 

Are you worried about interest rates? We have good news. Right now, the average home in our area is about $350,000. If you wait for interest rates to drop from 7% to 6%, that means you’ll only save $230 a month. 

 

However, buyers will flood the market when rates drop. That means prices will increase, and competition will be fierce. Our advice is to buy before the rush. This way, you can get into a good home at a decent price. Plus, if rates end up falling by a significant amount, you can always refinance later.

 

Just call or email us with any questions about this topic. We look forward to hearing from you!