Are you willing to risk spending a hundred thousand dollars extra to save fifty thousand dollars by waiting for the market to either slow down or crash?????
It's not going to crash. At worst, it's going to slow down just a little. Watch the video to see Broker Mark Steavenson explain his thoughts.
Right now, consider if you were to buy a $550,000 home and you were able to get a 2.5% interest rate. Now, if you wait and hope you can get that same house for $500,000, but you have to pay 4.5% interest, your monthly payments will be roughly a $400 difference because you waited.
You're gonna spend about a hundred thousand dollars more over the lifetime of your loan!!!!
If you're a seller, this is the best time to take advantage of the market by selling your house, and on the back end, you can take advantage of these low-interest rates to get something new.Posted by RE/MAX Town Center on