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I would personally get all the discounts on the table and get the base price down … interest rates will eventually go down
Marry the home date the interest
Chief
Bird in the hand is worth two in the bush. 🤷🏻♀️ your selection may still be limited in a few months. Talk to a realtor and see if they are seeing the ‘summer spike’ of houses coming on the market.
It’s not going to get any better; my hubs and I put our earnest money down on a new construction home, and we managed to get 40K in incentives because not many people are buying. The interest is through the roof, but we plan to refinance when the rates eventually go down.
New construction, yes, used house, no.
People are finding deals, mostly with new construction, but also with people being “forced” to sell.
But your best bet is new construction.
-Realtor
Waiting is typically safer, but the moral of the story from personal experience is as follows: If you find the right home for the right price, just go for it so long as you have the financial means to pay it off. In this case, look at any video on YouTube, and it will explain your income in proportion to home price.
The interest rate will change in unpredictable ways, but you will probably be refinancing when it is worth it to.
TL;DR Marry the house, date the interest rate.
Idk if a few months will make much of a difference, honestly. I just closed on my house 2 months ago and was able to negotiate a really good deal. New builds are also offering a lot of incentives on top of price reductions. Tons of builders in Houston so they have to compete.