Did the latest climb in mortgage rates take a bite out of your home budget and have you rethinking your move?
If you’re aiming for a $2,000 monthly payment, that rise in rates cut about $22,000 from what you can spend. That’s a lot.
But what if you could close the gap?While headlines focus on lost buying power, they’re not calling enough attention to how seller concessions can offset that blow.
More than 40% of homes for sale have had a price cut, and the typical cut on a median-priced home is around $18,000. That alone could win back most of what rates took.
And you could get back even more by asking for repair credits or closing cost help, too.
How much a seller will negotiate depends on the house and the area. Send a DM to find out how much of that $22,000 you could get back around here.
#HomePrices #MortgageRates #KeepingCurrentMatters
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