What If the Interest Rate Isn't the Whole Story?

Let's be honest.

Everyone is afraid of the interest rates.

Buyers are looking at their potential payment and wondering if they can make the numbers work.

But there's another conversation buyers should be having.

What About a Rate Buy-Down?

Depending on the property and the seller, a buyer can request seller concessions to use toward an interest-rate buy-down.

And this is especially relevant in a market where we're seeing price reductions.

If a seller is already having to think about adjusting the price, they should also be prepared to see buyers asking about concessions when offers come in.

Every Property Is Different

There isn't one answer that works for every transaction.

The property matters.

The seller matters.

And the numbers matter.

That's why the conversation needs to be about your particular situation, rather than simply looking at the current interest rate and deciding it won't work.

Sometimes the numbers look very different when you look at the entire offer.

Let's talk about your situation and run the numbers.  See the video here >>> Help for Mortgage Rates 👇🏻

Patti Gregory Realtor
Your Partner in Success
714.398.1998
REAL Brokerage
DRE 01182154