Score a Discounted Home Amidst Increasing Interest Rates

Over the past six to seven months, interest rates have significantly increased, leading to higher mortgage payments. You may be wondering if this is a good time to buy a home or if you should wait for the rates to go down. But what if we told you that one of the best times to buy is when everyone else is scared?

As a potential buyer, you have the opportunity to take advantage of home prices being low right now. According to recent data, home prices in central Texas have dropped nearly 20%, which is the biggest drop we've seen in over a decade. This means that there is a very small moment in time when you can purchase a property at a discounted price.

Now, you may be thinking, "But what happens when rates go back down?" Well, when rates decrease, home prices are likely to increase. This means that if you purchase a home now, you have the advantage of seeing a significant appreciation in the future.

If you're considering buying a home, we recommend using our website to search for properties. It allows you to search the MLS (multiple listing service) just like Realtors. It's updated every minute, so you can be sure that you're getting the latest information on available properties.

Additionally, if you want access to a backstage pass of all the properties that are yet to be listed on the MLS, you can reach out to our office and ask for the coming-soon list. If you're considering buying a home, don't hesitate to take advantage of this moment in time. Reach out by phone or email if you have any questions.