Attention real estate agents and investors…I have a new tool available for you to share with you or your clients who are waiting and trying to “time the market”.
So many consumers have been delaying a home purchase as they hold out for interest rates or home prices to drop.
My reporting tool helps demonstrate how delaying a purchase for even a year or two could cost buyers thousands in appreciation, amortization, equity and more.
The Report
For example, if a buyer opted to wait on a $800K purchase, thinking that mortgage rates would drop by nearly three-quarters of a percent (from 6.75% to 6.125%).
In fact, they would actually only save $74/month in their mortgage payment…but would miss out on over $35,000 in appreciation over that year.
Secondly, they could easily purchase now and refinance in a year – and still have a net benefit of buying now of over $30,000!
Here are the specifics:
This Cost of Waiting tool will help show you or your buyers how delaying their purchase could have more of an impact on their long-term wealth than they realize.
Reach Out to Me
I can provide this information to you at any time, so please reach out to me and find out more. You can schedule a time to go through this tool with me here…as it would be my pleasure to help you!
The blog postings on this site represent the positions, strategies or opinions of the author and do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Each loan is subject to underwriter final approval. All information, loan programs, interest rates, terms and conditions are subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deductions.
