Everyone has to live somewhere. You either rent, or you buy. We chose to buy, and are glad that we did. So did your landlord, and we're sure they’re glad they did. And we're sure they’ll be even more glad if you don’t! The focus should be the next 5-10 years, not 5-10 months.
 

Once the Fed signals an end to rate increases, the pent-up demand of buyers will flood the market. If you wait until next spring there will almost certainly be more buyers to compete against. Buying now ensures you have little competition and can negotiate a good price.
 

You date the rate but marry the price. You don’t need to get a permanent mortgage now. You can get a temporary mortgage in the form of an ARM. There is increasingly talk of a pending recession. If that happens, it’s likely that the Fed lowers rates and then you can refinance and get a permanent mortgage.
 

The smart buyers will make a move now. Now is the time to act. When others are scared, remember to act smart and seize the opportunity - where competition is lower and sellers may be more willing to negotiate. There is always a story of should've would've could've. I don’t want you to be that story.
 

Sellers who are listing their properties in the next several months are serious and want/need to sell. Buyers who want to purchase but are concerned about rates have an opportunity to negotiate given the above.
 

The time to buy is when no one else is. Historically speaking, People who bought in economic downturns like 2009-2010; 2001; 1994-1996 purchased at lower prices and had higher appreciation than those 3 years after that period.
 

Most sellers are very anxious as their property lingers on the market so we can take advantage of that with more aggressive negotiations in many areas.
 

Interest rates ARE rising but renting is 100% interest… As a buyer, you’re stepping into the driver’s seat in the housing market for the first time in a long time. While rents and mortgage rates are up now during this inflation surge, rents continue rising regardless, usually around 2-3% a year.
 

It is time IN the market not TIMING the market, that is the key. Now is the time that all buyers have been waiting for! Time to negotiate!
 

Renovation costs have continued to stay high due to inflation and supply constraints.  Now is a great time to look at a discounted home that has all your needs that may have had a price reduction.