Why High Rates Mean Hot Deals

By Scott Ostrode

Scott has been a licensed Realtor since 1998. In 2003 he joined Keller Williams Realty and in 2007 he formed Team Ostrode Properties. Scott grew up in Sacramento and has raised his family in the area as well.

You might be thinking: Interest rates are up. Shouldn’t I wait to buy a house? It might sound crazy, but here’s the truth – now could be your best shot to snag that dream home. I’ll tell you why.

Interest rates just went up, and that actually opens a big door for smart buyers. When rates rise, many people hit pause on their buying plans. They decide to wait it out, hoping things will settle down. But guess what? Less competition can mean better deals for you. Fewer buyers are out there right now, which means you could have the pick of the litter and avoid the bidding wars that often drive prices up.

The market is in a weird spot right now. There’s uncertainty, especially with the upcoming election, and it’s got both buyers and sellers feeling unsure. Sellers who don’t know what’s coming are more likely to consider flexible offers. If you’re ready to make a move, this could work in your favor. You might find sellers who are more open to negotiation, which could save you thousands.

Now, let’s talk about waiting for rates to drop. I hear it all the time: I’ll just wait until next year, see if things calm down. Here’s the thing – everyone else is thinking that too. When rates eventually drop, a flood of buyers will jump back in, creating more competition. And when competition heats up, so do prices. You don’t want to be stuck in a frenzy, like last spring, when buyers were practically climbing over each other to make offers.

Imagine this: You find a great house now, negotiate a solid deal, and lock it in before the crowds come back. Then, later on, if rates drop, you can always refinance. But if you wait, you might end up paying more when everyone else is back in the market.

So, are you ready to make a smart move? I know buying a house feels big, but this market shift could be exactly what you need to get a fantastic deal. If you want to be that savvy buyer your friends envy, take the leap. Let’s find you the right house at the right price before everyone else catches on.

If you need help in finding the right house, you can call or text me at (916) 900 1880. Don’t wait until you’re lost in the crowd – act now to secure your spot as a smart, prepared buyer. Trust me, you’ll be glad you did.