Will Waiting to Buy Cost You Money

George Lorimer
Wednesday, April 7, 2021
Will Waiting to Buy Cost You Money
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San Diego County Housing Report: Waiting Will Be Costly 
 
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Even though buyers are exceedingly frustrated with the housing market after writing too many offers to no avail, waiting until the market gets easier is not the answer.

Cost of Waiting
Housing will become more unaffordable as homes continue to rapidly appreciate and mortgage rates rise.
 
Ask any buyer what it is like attempting to purchase a home in today’s housing market and the responses will be the same. It is frustrating, overwhelming, exhausting, and disheartening. Buyers consistently get their hopes up and run around each weekend to see the few new houses that are now available. They ultimately write another offer. A few days later they write a counteroffer, often for way more than the asking price. They agonizingly wait another day or two only to find out that they are not the winning bidder. It is back to the drawing board, again. Click here for a 12-page report with stats
 

 

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