Ways to Buy a Home When Prices Are High

With mortgage rates currently over 6.42% for a 30-year fixed-rate mortgage and hefty listing prices ⇨ buying a new home is becoming unaffordable for many.

But wait - there is still an opportunity for you to buy.

When prices are high, competition is low. If you can make the finances work, you have a better chance of nabbing the home you want without competing offers from other buyers.

So how do you make your home ownership dream a reality? Follow these steps-

Propose a rate buydown
Put off major renovations and DIY what you can
Revisit your must-have list (for a lower sticker price)
Increase your downpayment for a lower monthly payment
Buy now and refinance later (if you can)

Have questions about buying a home in today’s market? I’m here to help. Send me a DM or drop your questions below.

https://www.briansperry.com

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Brian Sperry is a real estate agent, along with his team, at Coldwell Banker Realty in Newport Beach, CA. Brian Sperry markets and sells luxury homes throughout Orange County and Southern California. Specializing in Orange County coastal home sales, Brian Sperry is esteemed by clients and colleagues alike for his innovative marketing, negotiation skills, tenacity and professionalism.

Call Brian Sperry at: 949-667-3300
Email: [email protected]

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