Locking in Low and Buying Now vs. Later…

Are you on the fence about listing your property and finding your next home? Are you renting and wondering if it is a good time to buy your first home or investment property?

As we have seen in the last few months the Feds are raising and lowering the rates. I would say locking in when they are low would be key if you are in the market to purchase. It is always better to buy now because in Northwest Arkansas the home prices continue to rise,  just at a slower rate than a couple of years ago! You can always refinance later. If you are paying rent, you are paying someone else’s mortgage anyway, why not let it be yours! Selling and buying can be stressful at anytime so having someone you trust on your side is key when starting your search.

Some tips when getting started:

Connecting with a local and professional Realtor!

Get prequalified with a local lender or bank of your choice, shop rates!

Start driving around in the areas of interest and have a few neighborhoods picked out!

Make sure you know all the costs involved with lenders, title, Realtors and inspectors so you know if you are financially ready to make the move!

Make a list of your top 5 must haves!

The market is steady in Northwest Arkansas and we are still experiencing a shortage of inventory!  You can get a great deal with the right strategy! The great news is sellers are willing to negotiate more with closing costs, timelines, contingencies and repairs!

Sellers it is still a great time to sell, we have more buyers than we do homes for sale so you are more likely able to get top dollar for a home that is decluttered, minor repairs done, great location and competitively priced!

Do you have a military family member? Please reach out to me to see about our cash back program when listing your home with us!