Are you looking to invest in real estate but contemplating because of the high-interest rates?
Well, you’re not alone. Most people are waiting for interest rates to decline before investing, but that’s exactly why you need to take the lead and invest right now! In fact, the next 3 to 6 months are the ideal time to invest because it’s the only way to ensure that you stay on top of your competitors. And really, if you want to get the best offer on a home, this is definitely the way to do it!
Why Invest in Real Estate?
People will always need homes, which means that real estate is not some fad that will fade over time. Hence, it’s obviously a worthwhile investment that will benefit you in the long run. So, if you’re thinking of investing in real estate, kudos to you – just don’t be deterred by the high-interest rates. As they say, ‘look for the silver lining.’ Understand that higher interest rates can actually work in your favor – yes, really. In fact, we’d say the best time to invest in the real estate sector is the next few months while the interest rates are high.
Does Timing Matter?
Timing is absolutely critical when it comes to investments. Whether it’s stocks, crypto, gold, or even just properties, timing matters the most. Thus, getting time to work in your favor ensures that you get the better end of the deal. Opportunities present themselves amid chaos, so if you know the right time to strike, there’s no stopping you. And that’s exactly why we think this is the right time to invest in real estate. As a buyer, you should know that competition is at an all-time low – and you absolutely need to take advantage of that!
Interest Rates Are High – But What Does This Mean for Buyers?
Interest rates are high, which seems like a bad thing, right? Well, not necessarily, because it’s all about perspective. You see, you can always change the interest rate, but you can’t actually change the price of a house. Thus, higher interest rates mean you don’t have a lot of competition. It’s essentially a buyer’s market for the next six or so months since they have the upper hand. At lower interest rates, a seller would have around 15-20 offers on a house which obviously puts the ball in their court. But right now, buyers have more negotiation power. So much so, more sellers are not only willing to entertain contingencies but they’re also offering concessions by paying for closing costs. Hence, you really have nothing to lose if you look at the bigger picture.
So, if you’re waiting for interest rates to go down – don’t!
What Next?
Now that you’ve decided to invest in real estate, you need to find the right realtor.
But hey, we even went and did that for you! So, just head over to our website here for all things real estate – because you so don’t want to miss this!
