Why Should you Buy in 2022

In 2021 the housing market was like nothing we have seen before. Homes going for significantly above list. Buyers having to waive all of their contingencies, no seller concessions, non-refundable earnest money deposits, and giving free post-occupancy to Sellers. These factors were driven by the historically low interest rates and housing inventory.

You may be asking yourself why should I buy now or thinking that interest rates are too high.

Let me give you a couple of reasons why now is the time to be jumping into the market:

Sellers are offering money back for closing costs
Some buyers paying less than list
Able to keep all of your contingencies
Less competition
Writing fewer offers

The biggest reason to buy now is you have the luxury of time. 2021 was a year that buyers had to be submitting an offer on a house within hours of seeing it. There was no time to think about if the house was right for them. Many Buyers were on a timeline due to leases expiring, they had already put in 15 offers and were tired. Choices were being made, that if you had a chance to think you may not have put an offer in on the house. You as a Buyer have more power in negotiations than you have had in the last two years. Right now you should be marrying the house and dating the interest rate.

As I said , it is a great time to buy. Would you rather get money off of list, get closing cost help, keep all of your contingencies and have time? Or would you rather have a 3% interest rate, pay over list, lose all contingencies and get no money back for closing costs?

I know what I would choose.

Take advantage of the changing market and get into that home of your dreams!

To see how I can make this happen for you: call or text me at 571-271-1670 or email me at christine@christinearmintrout.com