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Top 5 Reasons to Buy Right Now!

Nathan Boyd

Published 1 month ago

Hey there!

Are you a buyer that has gone to the sideline to wait to purchase a new home or has been delayed from entering the real estate market? If so, I'm sure your reasons could be valid, but I wanted to ensure you have all the information on whether this is a wise choice.

The main issue, I assume, would be " affordability " from the significant rise in rates that has lowered your buying power or knocked you out of qualification. You might think this is a negative, but I wanted to highlight this exact issue and show you that it is an excellent thing for you as a potential home buyer.

In the video above, I've laid out the domino effect of the increase in the rates market, which allows you opportunities that have not been present in the last few years for home buyers. The lack of affordability and inventory is an exciting and challenging dynamic in this market, making it completely different. What I mean by that is that usually, these two forces don't line out together in this magnitude.
For example, when affordability issues last crept into the market, the housing supply spikes with the pullback of buyers, which we experienced recently in 2018/19.

The main issue that has caused a much-needed pause in our housing market has been the spike in rates, which caused our affordability issues. So we should focus on the opportunities that present you as a home buyer now vs. just six months.

...........................................

Six Months Ago vs. Today


Six Months Ago:

Buyers competed against 10+ offers per property.
Buyers had to release all loan, inspection, and appraisal contingencies.
Buyers had to convert their loans into " cash offers " to compete.
Buyers had to overbid on their offers to compete.
Buyers had to settle on whatever home came on the market.
Buyers are being delayed in converting their " cash overs " into loans in this high-rate environment.


Today:

Few Buyers, which means less competition.
Buyers can write offers with and maintain their contingencies.
Buyers with minimum down payments can purchase again.
Buyers can get fair value or even undervalued properties with their offers.
Buyers have more choices of homes than buying whatever comes to market.
With help from lenders like myself, we can structure much better terms, like buying down the rate.

Recent Reviews

Fortville, IN
"Nathan helped us obtain a desirable rate, took my husbands active duty services in consideration, answered all the questions we had as homebuyers, and double checked things when we were hesitant and needed reassurance. We are first time homeowners and had no idea what we were doing, with his help we now know what to look for if we ever buy another home. We will recommend him to anyone who needs a loan in Indiana."
– Joshua Blake S.

5.0

Review Verified
Sheridan, IN
"Going above and beyond what was expected"
– Jimmy D. R.

5.0

Review Verified
"Nathan went over and beyond to make this big move for our family more comfortable. He was great at taking the time to explain things and answer any questions I had. It was a great experience."
– Kelly W.

5.0

"Nathan Boyd was a fantastic lender to work with. He was detailed, punctual, and very good at communicating the entire process so that we felt comfortable the whole way through. You can tell through his work that he truly cares about his clients. Highly recommend!"
– Dindelicatofa .

5.0

"Nathan was knowledgeable, professional, friendly, and helpful. He made every step go smoother than I've ever experienced on past loan applications. He explained all the options clearly and I am confident I made the best choice in a loan and in a lender."
– Jessicas .

5.0

Fort Pierce, FL
"Nathan was awesome about explaining things. Was available anytime I called to answer any questions I had. I would and will highly recommend Nathan and his team to anyone."
– Thomas Luke N.

5.0

Review Verified
Lake Saint Louis, MO
"Nathan was great at communicating through each step of the process. He was very professional and helpful."
– David R.

5.0

Review Verified
Lake Saint Louis, MO
"Nathan was knowledgeable, friendly, and professional. He made the whole experience feel smooth."
– Jessica S.

5.0

Review Verified
, MISSOURI
"Nathan was always honest, prepared, and available for anything we needed. If there was ever a question/concern he got right to work on it. You want someone you can trust when working to purchase a home. He earned that trust very quickly."
– David I.

5.0

Portage, IN
"Nathan always got back to us quickly, he provided details paperwork on everything, and he was knowledgeable about the process ."
– Selena N C.

4.2

Review Verified
Tonganoxie, KANSAS
"Nathan’s extremely quick response to any and every question I had at any time day or night made this a very easy process. His no bull straight forward approach to the whole process start to finish took me by surprise. Very knowledgeable and extremely easy to talk to which is very comforting."
– Shawn G.

5.0

How to Reenter the Market

2/1 Buydown Pros & Cons

3/2/1 Buydown

Temp Vs. Permanent Buydown

How to Reenter the Market

2/1 Buydown Pros & Cons

3/2/1 Buydown

Temp vs. Permanent Buydown

National Rate Averages

Conf. 30Y Fixed

6.56%
-0.025

FHA 30Y Fixed

6.474%
-0.029

Jumbo 30Y Fixed

6.772%
0.141

Rate averages are calculated from actual locked rates. Learn more.

Additional Resources

Homestead Financial Mortgage

Company NMLS# 222524

75 N Main St.
Zionsville, Indiana 46077

Nathan Boyd
NMLS# 2062262
Homestead Financial Mortgage
NMLS# 222524
Equal Housing Lender
For licensing information, go to: http://www.nmlsconsumeraccess.org

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