Waiting to buy a San Diego home may not be reversable

George Lorimer
Saturday, November 25, 2023
Waiting to buy a San Diego home may not be reversable

Are you waiting to buy a home until the mortgage rates decrease? 

So is everyone else I talk to. 

If everyone is thinking that, then how competitive do you think it will be once the mortgage rates drop? 

What happens to prices when there is a low supply of homes and increased demand? 

What if you go looking for homes today? Once you find one you like, we negotiate favorable terms on price and some help with closing costs or discount points, so you have a mortgage rate of 1% lower than the market. Then, if mortgage rates drop and the prices go crazy, you already have your price locked in. 

The other alternative is to wait and put building equity off another six months, one year, or even five years. Or worse yet, you get priced out of the market. 

To avoid this, call me today, and we can help you succeed in this market. George Lorimer at 619-846-1244.
 

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