Waiting for 6% Interest Rates? Sounds Crowded--Here's Why

Over 550,000 buyers are waiting for interest rates to hit 6%… 

But here’s the catch:
when that happens, it won’t just be cheaper
—it’ll be crowded.

More demand = more competition,

bidding wars, and rising prices. 

Search the Newest Homes in Your area here

True story, when rates were sub 5.5%, I’ve personally represented buyer clients that we were 1 of 17 buyers that put their hands in the pot of 1 single property. 

One time, one buyer outbid all of us by $100,000--> Literally

If you’re waiting for the ‘perfect’ rate,
be ready for a surge of others doing the same. 

 

Sometimes the best move is before the crowd shows up. 

Ever opt for the cheaper ticket, end up in the crowd, wish you would have just spent a little more for the more premium section at a concert or festival? 
Me too!
Regret it every time!

Dad always taught me the 5-P’s
Proper 

Preparation 

Prevents 

Poor 

Performance

To Find out what your budget might be, Should be

Let’s get a gameplan in place, check on the desired budget, and see what makes sense.

If it doesn’t make sense for you & your family to ever move or invest, then don’t.

But don’t do this, just wait around for the headlines to post less doom & gloom & not know what the numbers need to look like for it to make sense for ya!

Let’s chat. Hmu @agentterrebonne on all social platforms.
 225-341-0081

Tyler Terrebonne REALTOR ®

ENGEL & VÖLKERS Baton Rouge
Tyler.Terrebonne@evrealestate.com
Tylerterrebonne.evgeaux.com
(M) 225-341-0081
0) 225-331-8011

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Licensed in Louisiana