Ozaukee & Washington County Real Estate: What's It Going to Cost You to Wait to Buy or Sell??

Find out more about Ozaukee and Washington County real estate, including the cities of Grafton, Belgium, Cedarburg, West Bend, Jackson and Germantown.

What's It Going to Cost You to Wait to Buy or Sell??

For any seller or buyer out there who is not yet 100% committed to selling or buying, consider the gamble you're taking in waiting.

Cost comparison buying now versus buying later

If rates increase even one point, the cost in waiting is tremendous. And some of the buying power is lost.

So as a seller, you have to decide. Do you get your house priced where it needs to be to get it sold now, even if that means selling at a lower price than you would like? Or do you keep it priced where it's at and risk losing some buyers in the near future?

And as a buyer, you also have to decide. Do you wait to see if prices drop more and risk losing some of your buying power if interest rates creep up, therefore not being able to afford as much house? And what about the cost? What about the cost over time??

The choice is yours. How much of a gambler are you?

 

Peggy Wester
Phone: 262-370-1757
Email: pwester@realtyexecutives.com
Website: peggywester.com
Blog: peggysblog.com


Peggy Wester - Realty Executives Integrity

Comment balloon 3 commentsPeggy Wester • July 23 2011 11:32AM

Comments

Rates going up Peggy you are right are the huge threat to waiting to buy. With the debt ceiling discussion going on, the interest rates might go up on that alone.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 7 years ago

Peggy, such great info which most folks do not comprehend. Hope it helps you with some of your clients.

Cal

Posted by Cal Yoder, Homes For Sale in Lancaster PA - 717.413.0744 (Keller Williams Elite) over 7 years ago

Gary -- I wish buyers would understand that -- and sellers, too!

Cal -- I've shown this to a few buyers but unfortunately haven't had much success in getting them to understand the risk. Hopefully in time.

Posted by Peggy Wester, Real Estate Agent Ozaukee & Washington County (Realty Executives Integrity) about 7 years ago

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