Many buyers are asking the same question right now should I wait for interest rates to drop before buying a home? While that might sound like a smart move at first, it could actually end up costing you more in the long run. Here’s why acting now, before rates fall, could be one of the best financial decisions you make this year.
Right now, Arizona is in what we call a strong buyer’s market. That means fewer buyers are actively shopping for homes, giving those who are in the game more leverage and room to negotiate. In markets like Queen Creek, Gilbert, Mesa, and across the Phoenix metro area, sellers are much more open to concessions and price adjustments. As your agent, I’ve been able to negotiate seller credits that buyers can use to buy down their interest rates, lowering monthly mortgage payments and saving them thousands over time.
When rates eventually drop and they will the story changes completely. Lower rates will bring a flood of new buyers back into the market. That’s when competition heats up, prices rise, and sellers regain control. You’ll start to see bidding wars, multiple offers on homes, and very little room for negotiation. In other words, if you wait for “the perfect rate,” you might lose the perfect house.
It’s important to remember: you can always refinance when rates go down, but you can’t renegotiate the price you pay for your home. Buying now gives you the advantage of negotiating better terms, securing seller-paid rate buy-downs, and locking in your dream home before prices start climbing again.
Arizona’s housing market is also in a healthy position for long-term investment. We’re seeing steady population growth, a strong job market, and plenty of new construction all signs that your home’s value is likely to appreciate over time. Whether you’re a first-time buyer or looking to upgrade, getting in before the next wave of demand hits can help you build equity faster.
So instead of waiting for rates to fall, take advantage of the opportunities available right now. You’ll have more homes to choose from, less competition, and the ability to negotiate terms that simply won’t exist once the market shifts.
Let’s make your homeownership goals happen while the timing is still on your side. I’ll guide you through every step from finding the perfect property to negotiating the best deal possible.
Alejandra Paladino – Top Real Estate Agent
480.382.0519
alejandra@azalejandra.com
zoomtoarizona.com
Discover homes at azalejandra.com