Interest Rate Hacks for Clever Homebuyers

Now that we've worked through the stages of Interest Rate Grief:

1. Denial - this isn't really happening, rates were 4% yesterday

2. Anger - stupid Fed, I am mad at you!

3. Bargaining - marry the house, date the rate (which is terrible advice, btw)

4. Depression - I will never be able to move

5.  Acceptance - I need to move, how can I make this happen?

WHAT DO I DO?  Here are some interest rate hacks we've seen that are not a gimmick and possibly could help you:

1.  Interest rate buy-downs:  this is when you or the seller pay for a temporary or permanent contribution to helping reduce your rate and monthly payment.

2.  Equity exchange - already own a property but you have a hard time letting go of that killer rate?  Talk to us about how this can work.

3.  Buy a less expensive property - maybe your first home is a stepping stone investment that you trade up in time, or look at a place with possible income potential like an ADU (Additional Dwelling Unit) that can be rented to a friend or used as a Short Term Rental (AirBnb).

DON'T WAIT!

I know, I know - we're real estate agents, of course we are saying this.  Hear me out.  When rates do come back down, all of the other buyers will swarm into the market and we will see competition get fierce in the Seattle Real Estate Market.  

Our goal at Sweet Living is to help provide professional guidance and expertise so that our clients can make empowered choices about their real estate.  Please don't get thrown to the sharks, talk to us first.