Buying a home is a big decision and it’s normal to feel hesitant. A recent client of ours was about to make an offer but got nervous, wondering if it would be smarter to keep renting and wait for better interest rates.
If you’re unsure about a particular home, it’s okay to wait. A new home should fit your needs. But if you're holding off, hoping for a ‘better’ market, that’s where waiting could
hurt you.
Why Waiting Might Cost You
Interest rates may come down, but home prices are rising again in many areas, including Boise. Prices dipped briefly when rates first spiked and now they’re back on the upswing.
If you’re buying and selling at the same time, market conditions don’t matter as much — what you gain or lose on one side usually balances out on the other.
Renting Costs More Than You Think
Renting has a 100% interest rate — every dollar you spend builds no equity. Plus, you miss out on home appreciation and tax benefits. Even if rates drop slightly, rising home prices and increased competition from other buyers could make waiting more expensive.
Bottom Line
If you’ve found the right home and can afford it, waiting may not be worth the risk. If you’re still unsure, call us at (208) 327-2127, and we’ll help you decide what’s best for you!
25 Things to Do in Boise During Winter!
