We have a first time buyer who has been making offers continually for over 18 months. His problem is not a lack of inventory; his problem, we think, is that he is too obsessed with getting a “good deal” and he underbids time and time time again.
We tell him to bid more aggressively and he will think he got the best deal in the world in about two years. First and foremost, rates will go up, probably WAY up as inflation sets in. So buying now allows him to lock in an amazingly low fixed rate.
Our point once again for “deal chasers” and “fence sitters”: Buy now; you can’t go wrong.
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167