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As a local real estate expert with a billion dollar brokerage, I see firsthand the impact that news headlines can have on the real estate market. While it’s important to stay informed, it’s even more important to not let news headlines dictate your decisions when it comes to buying or selling a home.
One of the most common misconceptions about the real estate market is that rising interest rates make it a less attractive option for buyers. While it’s true that rates are slightly higher than they were a few years ago, there are other factors to consider that make real estate a hotter buy than ever before.
For one, buyers no longer have to pay over asking. In the past, it was common for buyers to have to pay well above the listed price of a home in order to secure it. But now, with the market becoming more balanced, buyers have more negotiating power. This means that they can often get a better deal on the home they want.
Another advantage of buying a home now is the ability to refinance into a lower rate later. Even if interest rates continue to rise, buyers who purchase a home now can take advantage of lower rates in the future. This can save them thousands of dollars over the life of their mortgage.
And, of course, there’s the standard appreciation that real estate typically experiences. Over time, the value of a home typically increases, and buyers can benefit from this appreciation by selling their home for more than they paid for it.
As a local real estate expert, I see firsthand the importance of not letting news headlines dictate your decisions when it comes to buying or selling a home. If you’re in the market for a new home, don’t let the news headlines scare you away. There are still plenty of opportunities to find a great deal and make a sound investment.
And, as a local real estate expert with a billion dollar brokerage who’s selling 5-10 homes a day, I can help you navigate the market and find the perfect home for you. Contact me today to learn more.
