Here’s why I think you should contact your Realtor and make an offer on a house now rather than wait for fall.
1) The Federal Reserve Board is expected to raise interest rates in September. This will make your monthly payment go up.
2) The bidding wars have ended. For example, here in Seattle where bidding fights were the norm, houses are now selling with only one full price offer coming in, not multiple bids.
3) Fewer buyers are out making offers in August. People are on vacation or out camping, and thinking they’ll look in the fall. Less buyer competition is good for you.
Be encouraged! Get out there and get your own home now before rates go higher. Perfect credit not required!
If you are in California or Washington, I am licensed (NMLS 1284134) in those two states and happy to help you. I am getting good folks with credit challenges approved! You can apply online here.
2 thoughts on “Three Reasons to Buy a Home in August”
I always learn so much from your positive newsletters. Thank you so much Carolyn. Our home right now is within five miles of the Holy Fire in California. Our community of 128 homes is remaining positive that our firefighters will be successful in containing the fire so that our community will be saved.
My mother lives in Redding, CA, so I have been praying for her and everyone else within the fires’ reach. Such a tragedy! God bless the brave firefighters.