Benefits and advantages of buying a home in a high interest rate market.

What are the pros and cons of buying in a market with higher interest rates?

On the pro side, you’ll encounter less competition among buyers, sellers are more likely to negotiate, and some may even offer to cover closing costs or be open to contingent offers. As for the con, it’s primarily the presence of higher interest rates itself. So, the best time to buy or sell is when you’re financially prepared.

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