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Episode Archives

Tune In Every Sunday on 850 WFTL AM at 10 AM EST for Rick's Radio Show!

Welcome to the Your Home Sold Guaranteed radio show where you get advice you can trust from the latest real estate trends to the best mortgage rates from curb appeal to home warranty. This is the show that will help you save and make the most money when it comes to buying or selling your most valuable asset.

Rick Features a Guest Co-Host Every Week

Listening to a real estate guest co-host on a weekly radio show offers numerous benefits. Firstly, it provides valuable insights and expert advice from a professional in the real estate industry. Whether you're a potential buyer, seller, or investor, their knowledge can help you make informed decisions. Additionally, the radio show format allows for in-depth discussions on various real estate topics, covering everything from market trends and investment strategies to legal considerations and property management. The guest co-host's experiences and anecdotes can offer practical wisdom and lessons learned. Moreover, regularly tuning in to the show helps you stay updated with the latest industry news and developments. Overall, listening to a real estate guest co-host on a weekly radio show is an excellent way to gain knowledge, enhance your understanding of the market, and make confident real estate decisions.

Rick's Radio Show Reaches 325,501 P12+ Every Week

Rick's Radio Show is making waves with its impressive reach, captivating a vast audience of 325,501 P12+ every week. This remarkable feat ensures that Rick's insights and discussions on the show are reaching a diverse range of listeners, providing them with valuable information and entertainment. With such a significant reach, the show has the power to influence a wide demographic, from individuals seeking real estate advice to those interested in market trends and investment strategies. Rick's Radio Show has established itself as a trusted source of knowledge, making it a go-to destination for anyone looking to stay informed and engaged in the dynamic world of real estate.

Keep Up to Date on the Latest Real Estate Trends

Listening to a weekly radio talk show about real estate offers a multitude of reasons to tune in. Firstly, it provides a valuable opportunity to gain insights and knowledge from industry experts. The show covers a wide range of topics, including market trends, investment strategies, legal considerations, and more, helping listeners make informed decisions. Additionally, the interactive nature of radio allows for engaging discussions and call-ins, enabling listeners to ask questions and seek personalized advice. By regularly listening to the show, individuals can stay updated with the latest developments in the real estate world, expand their understanding, and acquire practical tips and recommendations. Ultimately, a weekly radio talk show about real estate is an invaluable resource for anyone looking to enhance their knowledge, make confident decisions, and navigate the dynamic real estate landscape.

Join Rick on the radio!

For Radio Show Sponsorship Opportunities

You are invited to submit an application for consideration to be a sponsor an episode on The YHSGR Radio & Talk Show hosted by Rick Kendrick on NEWS TALK 850 WFTL.

Approved sponsors may be offered to become a category-exclusive sponsor of the show. You would receive an incredible opportunity to promote brand awareness and position your business as THE authority in the local real estate industry.

Radio creates a celebrity to your persona and builds followers and a fan base of your business like no other media. In addition to the obvious benefits radio provides, you will also be featured on the show as one of Rick’s preferred vendors.

Listen in to Rick's Radio Spots

Listen in on radio spots aired on 850 WFTL AM Radio and 107.9 Sunny FM Radio stations. Rick Kendrick, Palm Beach Real Estate Agent, is fortunate enough to be endorsed by Jennifer Ross.

Should You Wait for Lower Rates or Buy Now

Should You Wait for Lower Rates or Buy Now

March 08, 20254 min read

Should You Wait for Lower Rates or Buy Now?

The real estate market is always evolving, and one of the biggest questions homebuyers face is whether to buy now or wait for lower interest rates. Mortgage rates significantly impact affordability, and with fluctuating economic conditions, many buyers are uncertain about the best move. In this guide, we’ll break down key factors to consider before making a decision.


1. Understanding Mortgage Rate Trends

Mortgage rates are influenced by factors like inflation, the Federal Reserve’s monetary policy, and economic growth. While rates have fluctuated over the past few years, many experts predict that lower rates are not guaranteed in the near future.

How Mortgage Rates Affect Home Prices

  • Higher rates = Lower demand, which can slow home price appreciation.

  • Lower rates = Increased demand, which can drive home prices up.

Even if rates decrease, competition for homes could drive up prices, potentially negating the benefits of a lower interest rate.


2. The Cost of Waiting for Lower Rates

Waiting for mortgage rates to drop might seem like a good strategy, but there are hidden risks:

Potential Home Price Increases

If rates go down, home prices may rise due to increased demand. A small reduction in rates may not offset a higher purchase price.

Missed Equity Growth

By delaying your purchase, you may miss out on building home equity, which is a key wealth-building tool.

Rising Rents

If you're currently renting, waiting could mean spending thousands more on rent instead of putting that money toward homeownership.

Lending Conditions Can Change

Even if rates drop, stricter lending criteria might make it harder to qualify for a loan, especially if credit and income requirements change.

Cash offers for your home

3. Why Buying Now Could Be a Smart Move

While waiting for lower rates has its appeal, buying now has distinct advantages:

Less Competition

When rates are higher, there tend to be fewer buyers in the market, giving you more negotiating power. Sellers may be more willing to accept offers below asking price or agree to concessions like covering closing costs.

Refinancing Options

One of the best reasons to buy now is that you can always refinance if rates drop. Many lenders offer refinancing programs that allow you to lock in a lower rate later.

Fixed vs. Adjustable-Rate Mortgages

  • Fixed-rate mortgage: Locks in your rate for the entire loan term, protecting you from future rate hikes.

  • Adjustable-rate mortgage (ARM): Can offer lower initial rates with the option to refinance before rates adjust.

Tax Benefits

Homeownership provides tax deductions on mortgage interest, property taxes, and potential capital gains exemptions when you sell.


4. How to Decide: Buy Now or Wait?

When You Should Consider Buying Now:

✔️ You can afford the current rates and monthly payments.
✔️ You found a home you love in your price range.
✔️ You plan to stay in the home long enough to benefit from appreciation.
✔️ You’re prepared to refinance if rates drop later.

When It Might Make Sense to Wait:

⏳ You have bad credit and need time to improve your score for a better rate.
⏳ You’re in a volatile job situation and unsure about long-term stability.
⏳ You’re not ready for the responsibilities of homeownership and need more time to save for a down payment.


5. The Bottom Line: Is Now the Right Time for You?

The decision to buy now or wait depends on your personal financial situation, the local market, and your long-term plans. If you can afford a home and find a good deal, buying now allows you to build equity and secure a home before prices rise further. If rates drop, you can always refinance later.

💡 Need expert guidance? If you have questions about buying a home in today’s market, give Rick Kendrick a call or text at 561-508-8453. Let’s discuss your options and find the best path to homeownership for you!


FAQs

1. Will home prices go down if mortgage rates stay high?
Not necessarily. While higher rates may slow price growth, limited inventory keeps prices stable in many markets.

2. How much could I save if rates drop later?
A 1% rate decrease could reduce your monthly payment significantly, but this could be offset by rising home prices.

3. Can I refinance if rates drop after I buy?
Yes! Many homeowners refinance to lower their payments when rates improve.

4. What if I wait and rates go even higher?
If rates rise, your buying power decreases, meaning you may afford less home for the same budget.

5. Is now a good time to buy in Florida?
Florida remains a competitive market with strong demand. If you find a home at a good price, it may be wise to buy now rather than wait.

📲 Want to explore your home buying options? Contact Rick Kendrick at 561-508-8453 today!

mortgage interest rateshomebuyer mortgage interest rates
blog author image

Rick Kendrick

Rick Kendrick, a Palm Beach Realtor and proud owner of Your Home Sold Guaranteed Realty of Florida, boasts an exceptional track record as an award-winning real estate agent. Leading his own Real Estate Team headquartered in North Palm Beach, Florida, Rick covers the Southeastern region of Florida and maintains a vast network of agents throughout North America. His impressive achievements have garnered attention from prominent media outlets such as Fox, CBS, NBC, and ABC, as well as radio stations like 850 WFTL News Talk and Sunny 107.9 FM. Rick's expertise and passion for real estate shine through in his captivating Real Estate Talk Show, where he hosts esteemed guests for insightful discussions on industry trends and tips. Tune in to stay informed and engaged in the world of real estate with Rick Kendrick.

Back to Blog
Should You Wait for Lower Rates or Buy Now

Should You Wait for Lower Rates or Buy Now

March 08, 20254 min read

Should You Wait for Lower Rates or Buy Now?

The real estate market is always evolving, and one of the biggest questions homebuyers face is whether to buy now or wait for lower interest rates. Mortgage rates significantly impact affordability, and with fluctuating economic conditions, many buyers are uncertain about the best move. In this guide, we’ll break down key factors to consider before making a decision.


1. Understanding Mortgage Rate Trends

Mortgage rates are influenced by factors like inflation, the Federal Reserve’s monetary policy, and economic growth. While rates have fluctuated over the past few years, many experts predict that lower rates are not guaranteed in the near future.

How Mortgage Rates Affect Home Prices

  • Higher rates = Lower demand, which can slow home price appreciation.

  • Lower rates = Increased demand, which can drive home prices up.

Even if rates decrease, competition for homes could drive up prices, potentially negating the benefits of a lower interest rate.


2. The Cost of Waiting for Lower Rates

Waiting for mortgage rates to drop might seem like a good strategy, but there are hidden risks:

Potential Home Price Increases

If rates go down, home prices may rise due to increased demand. A small reduction in rates may not offset a higher purchase price.

Missed Equity Growth

By delaying your purchase, you may miss out on building home equity, which is a key wealth-building tool.

Rising Rents

If you're currently renting, waiting could mean spending thousands more on rent instead of putting that money toward homeownership.

Lending Conditions Can Change

Even if rates drop, stricter lending criteria might make it harder to qualify for a loan, especially if credit and income requirements change.

Cash offers for your home

3. Why Buying Now Could Be a Smart Move

While waiting for lower rates has its appeal, buying now has distinct advantages:

Less Competition

When rates are higher, there tend to be fewer buyers in the market, giving you more negotiating power. Sellers may be more willing to accept offers below asking price or agree to concessions like covering closing costs.

Refinancing Options

One of the best reasons to buy now is that you can always refinance if rates drop. Many lenders offer refinancing programs that allow you to lock in a lower rate later.

Fixed vs. Adjustable-Rate Mortgages

  • Fixed-rate mortgage: Locks in your rate for the entire loan term, protecting you from future rate hikes.

  • Adjustable-rate mortgage (ARM): Can offer lower initial rates with the option to refinance before rates adjust.

Tax Benefits

Homeownership provides tax deductions on mortgage interest, property taxes, and potential capital gains exemptions when you sell.


4. How to Decide: Buy Now or Wait?

When You Should Consider Buying Now:

✔️ You can afford the current rates and monthly payments.
✔️ You found a home you love in your price range.
✔️ You plan to stay in the home long enough to benefit from appreciation.
✔️ You’re prepared to refinance if rates drop later.

When It Might Make Sense to Wait:

⏳ You have bad credit and need time to improve your score for a better rate.
⏳ You’re in a volatile job situation and unsure about long-term stability.
⏳ You’re not ready for the responsibilities of homeownership and need more time to save for a down payment.


5. The Bottom Line: Is Now the Right Time for You?

The decision to buy now or wait depends on your personal financial situation, the local market, and your long-term plans. If you can afford a home and find a good deal, buying now allows you to build equity and secure a home before prices rise further. If rates drop, you can always refinance later.

💡 Need expert guidance? If you have questions about buying a home in today’s market, give Rick Kendrick a call or text at 561-508-8453. Let’s discuss your options and find the best path to homeownership for you!


FAQs

1. Will home prices go down if mortgage rates stay high?
Not necessarily. While higher rates may slow price growth, limited inventory keeps prices stable in many markets.

2. How much could I save if rates drop later?
A 1% rate decrease could reduce your monthly payment significantly, but this could be offset by rising home prices.

3. Can I refinance if rates drop after I buy?
Yes! Many homeowners refinance to lower their payments when rates improve.

4. What if I wait and rates go even higher?
If rates rise, your buying power decreases, meaning you may afford less home for the same budget.

5. Is now a good time to buy in Florida?
Florida remains a competitive market with strong demand. If you find a home at a good price, it may be wise to buy now rather than wait.

📲 Want to explore your home buying options? Contact Rick Kendrick at 561-508-8453 today!

mortgage interest rateshomebuyer mortgage interest rates
blog author image

Rick Kendrick

Rick Kendrick, a Palm Beach Realtor and proud owner of Your Home Sold Guaranteed Realty of Florida, boasts an exceptional track record as an award-winning real estate agent. Leading his own Real Estate Team headquartered in North Palm Beach, Florida, Rick covers the Southeastern region of Florida and maintains a vast network of agents throughout North America. His impressive achievements have garnered attention from prominent media outlets such as Fox, CBS, NBC, and ABC, as well as radio stations like 850 WFTL News Talk and Sunny 107.9 FM. Rick's expertise and passion for real estate shine through in his captivating Real Estate Talk Show, where he hosts esteemed guests for insightful discussions on industry trends and tips. Tune in to stay informed and engaged in the world of real estate with Rick Kendrick.

Back to Blog

Latest Press

Should You Wait for Lower Rates or Buy Now

Should You Wait for Lower Rates or Buy Now

March 08, 20254 min read

Should You Wait for Lower Rates or Buy Now?

The real estate market is always evolving, and one of the biggest questions homebuyers face is whether to buy now or wait for lower interest rates. Mortgage rates significantly impact affordability, and with fluctuating economic conditions, many buyers are uncertain about the best move. In this guide, we’ll break down key factors to consider before making a decision.


1. Understanding Mortgage Rate Trends

Mortgage rates are influenced by factors like inflation, the Federal Reserve’s monetary policy, and economic growth. While rates have fluctuated over the past few years, many experts predict that lower rates are not guaranteed in the near future.

How Mortgage Rates Affect Home Prices

  • Higher rates = Lower demand, which can slow home price appreciation.

  • Lower rates = Increased demand, which can drive home prices up.

Even if rates decrease, competition for homes could drive up prices, potentially negating the benefits of a lower interest rate.


2. The Cost of Waiting for Lower Rates

Waiting for mortgage rates to drop might seem like a good strategy, but there are hidden risks:

Potential Home Price Increases

If rates go down, home prices may rise due to increased demand. A small reduction in rates may not offset a higher purchase price.

Missed Equity Growth

By delaying your purchase, you may miss out on building home equity, which is a key wealth-building tool.

Rising Rents

If you're currently renting, waiting could mean spending thousands more on rent instead of putting that money toward homeownership.

Lending Conditions Can Change

Even if rates drop, stricter lending criteria might make it harder to qualify for a loan, especially if credit and income requirements change.

Cash offers for your home

3. Why Buying Now Could Be a Smart Move

While waiting for lower rates has its appeal, buying now has distinct advantages:

Less Competition

When rates are higher, there tend to be fewer buyers in the market, giving you more negotiating power. Sellers may be more willing to accept offers below asking price or agree to concessions like covering closing costs.

Refinancing Options

One of the best reasons to buy now is that you can always refinance if rates drop. Many lenders offer refinancing programs that allow you to lock in a lower rate later.

Fixed vs. Adjustable-Rate Mortgages

  • Fixed-rate mortgage: Locks in your rate for the entire loan term, protecting you from future rate hikes.

  • Adjustable-rate mortgage (ARM): Can offer lower initial rates with the option to refinance before rates adjust.

Tax Benefits

Homeownership provides tax deductions on mortgage interest, property taxes, and potential capital gains exemptions when you sell.


4. How to Decide: Buy Now or Wait?

When You Should Consider Buying Now:

✔️ You can afford the current rates and monthly payments.
✔️ You found a home you love in your price range.
✔️ You plan to stay in the home long enough to benefit from appreciation.
✔️ You’re prepared to refinance if rates drop later.

When It Might Make Sense to Wait:

⏳ You have bad credit and need time to improve your score for a better rate.
⏳ You’re in a volatile job situation and unsure about long-term stability.
⏳ You’re not ready for the responsibilities of homeownership and need more time to save for a down payment.


5. The Bottom Line: Is Now the Right Time for You?

The decision to buy now or wait depends on your personal financial situation, the local market, and your long-term plans. If you can afford a home and find a good deal, buying now allows you to build equity and secure a home before prices rise further. If rates drop, you can always refinance later.

💡 Need expert guidance? If you have questions about buying a home in today’s market, give Rick Kendrick a call or text at 561-508-8453. Let’s discuss your options and find the best path to homeownership for you!


FAQs

1. Will home prices go down if mortgage rates stay high?
Not necessarily. While higher rates may slow price growth, limited inventory keeps prices stable in many markets.

2. How much could I save if rates drop later?
A 1% rate decrease could reduce your monthly payment significantly, but this could be offset by rising home prices.

3. Can I refinance if rates drop after I buy?
Yes! Many homeowners refinance to lower their payments when rates improve.

4. What if I wait and rates go even higher?
If rates rise, your buying power decreases, meaning you may afford less home for the same budget.

5. Is now a good time to buy in Florida?
Florida remains a competitive market with strong demand. If you find a home at a good price, it may be wise to buy now rather than wait.

📲 Want to explore your home buying options? Contact Rick Kendrick at 561-508-8453 today!

mortgage interest rateshomebuyer mortgage interest rates
blog author image

Rick Kendrick

Rick Kendrick, a Palm Beach Realtor and proud owner of Your Home Sold Guaranteed Realty of Florida, boasts an exceptional track record as an award-winning real estate agent. Leading his own Real Estate Team headquartered in North Palm Beach, Florida, Rick covers the Southeastern region of Florida and maintains a vast network of agents throughout North America. His impressive achievements have garnered attention from prominent media outlets such as Fox, CBS, NBC, and ABC, as well as radio stations like 850 WFTL News Talk and Sunny 107.9 FM. Rick's expertise and passion for real estate shine through in his captivating Real Estate Talk Show, where he hosts esteemed guests for insightful discussions on industry trends and tips. Tune in to stay informed and engaged in the world of real estate with Rick Kendrick.

Back to Blog

Listen in to Rick's Radio Spots

Listen in on radio spots aired on 850 WFTL AM Radio and 107.9 Sunny FM Radio stations. Rick Kendrick, Palm Beach Real Estate Agent, is fortunate enough to be endorsed by Jennifer Ross.

Home Seller Tips

Should You Wait for Lower Rates or Buy Now

Should You Wait for Lower Rates or Buy Now

March 08, 20254 min read

Should You Wait for Lower Rates or Buy Now?

The real estate market is always evolving, and one of the biggest questions homebuyers face is whether to buy now or wait for lower interest rates. Mortgage rates significantly impact affordability, and with fluctuating economic conditions, many buyers are uncertain about the best move. In this guide, we’ll break down key factors to consider before making a decision.


1. Understanding Mortgage Rate Trends

Mortgage rates are influenced by factors like inflation, the Federal Reserve’s monetary policy, and economic growth. While rates have fluctuated over the past few years, many experts predict that lower rates are not guaranteed in the near future.

How Mortgage Rates Affect Home Prices

  • Higher rates = Lower demand, which can slow home price appreciation.

  • Lower rates = Increased demand, which can drive home prices up.

Even if rates decrease, competition for homes could drive up prices, potentially negating the benefits of a lower interest rate.


2. The Cost of Waiting for Lower Rates

Waiting for mortgage rates to drop might seem like a good strategy, but there are hidden risks:

Potential Home Price Increases

If rates go down, home prices may rise due to increased demand. A small reduction in rates may not offset a higher purchase price.

Missed Equity Growth

By delaying your purchase, you may miss out on building home equity, which is a key wealth-building tool.

Rising Rents

If you're currently renting, waiting could mean spending thousands more on rent instead of putting that money toward homeownership.

Lending Conditions Can Change

Even if rates drop, stricter lending criteria might make it harder to qualify for a loan, especially if credit and income requirements change.

Cash offers for your home

3. Why Buying Now Could Be a Smart Move

While waiting for lower rates has its appeal, buying now has distinct advantages:

Less Competition

When rates are higher, there tend to be fewer buyers in the market, giving you more negotiating power. Sellers may be more willing to accept offers below asking price or agree to concessions like covering closing costs.

Refinancing Options

One of the best reasons to buy now is that you can always refinance if rates drop. Many lenders offer refinancing programs that allow you to lock in a lower rate later.

Fixed vs. Adjustable-Rate Mortgages

  • Fixed-rate mortgage: Locks in your rate for the entire loan term, protecting you from future rate hikes.

  • Adjustable-rate mortgage (ARM): Can offer lower initial rates with the option to refinance before rates adjust.

Tax Benefits

Homeownership provides tax deductions on mortgage interest, property taxes, and potential capital gains exemptions when you sell.


4. How to Decide: Buy Now or Wait?

When You Should Consider Buying Now:

✔️ You can afford the current rates and monthly payments.
✔️ You found a home you love in your price range.
✔️ You plan to stay in the home long enough to benefit from appreciation.
✔️ You’re prepared to refinance if rates drop later.

When It Might Make Sense to Wait:

⏳ You have bad credit and need time to improve your score for a better rate.
⏳ You’re in a volatile job situation and unsure about long-term stability.
⏳ You’re not ready for the responsibilities of homeownership and need more time to save for a down payment.


5. The Bottom Line: Is Now the Right Time for You?

The decision to buy now or wait depends on your personal financial situation, the local market, and your long-term plans. If you can afford a home and find a good deal, buying now allows you to build equity and secure a home before prices rise further. If rates drop, you can always refinance later.

💡 Need expert guidance? If you have questions about buying a home in today’s market, give Rick Kendrick a call or text at 561-508-8453. Let’s discuss your options and find the best path to homeownership for you!


FAQs

1. Will home prices go down if mortgage rates stay high?
Not necessarily. While higher rates may slow price growth, limited inventory keeps prices stable in many markets.

2. How much could I save if rates drop later?
A 1% rate decrease could reduce your monthly payment significantly, but this could be offset by rising home prices.

3. Can I refinance if rates drop after I buy?
Yes! Many homeowners refinance to lower their payments when rates improve.

4. What if I wait and rates go even higher?
If rates rise, your buying power decreases, meaning you may afford less home for the same budget.

5. Is now a good time to buy in Florida?
Florida remains a competitive market with strong demand. If you find a home at a good price, it may be wise to buy now rather than wait.

📲 Want to explore your home buying options? Contact Rick Kendrick at 561-508-8453 today!

mortgage interest rateshomebuyer mortgage interest rates
blog author image

Rick Kendrick

Rick Kendrick, a Palm Beach Realtor and proud owner of Your Home Sold Guaranteed Realty of Florida, boasts an exceptional track record as an award-winning real estate agent. Leading his own Real Estate Team headquartered in North Palm Beach, Florida, Rick covers the Southeastern region of Florida and maintains a vast network of agents throughout North America. His impressive achievements have garnered attention from prominent media outlets such as Fox, CBS, NBC, and ABC, as well as radio stations like 850 WFTL News Talk and Sunny 107.9 FM. Rick's expertise and passion for real estate shine through in his captivating Real Estate Talk Show, where he hosts esteemed guests for insightful discussions on industry trends and tips. Tune in to stay informed and engaged in the world of real estate with Rick Kendrick.

Back to Blog

Home Buyer Tips

Should You Wait for Lower Rates or Buy Now

Should You Wait for Lower Rates or Buy Now

March 08, 20254 min read

Should You Wait for Lower Rates or Buy Now?

The real estate market is always evolving, and one of the biggest questions homebuyers face is whether to buy now or wait for lower interest rates. Mortgage rates significantly impact affordability, and with fluctuating economic conditions, many buyers are uncertain about the best move. In this guide, we’ll break down key factors to consider before making a decision.


1. Understanding Mortgage Rate Trends

Mortgage rates are influenced by factors like inflation, the Federal Reserve’s monetary policy, and economic growth. While rates have fluctuated over the past few years, many experts predict that lower rates are not guaranteed in the near future.

How Mortgage Rates Affect Home Prices

  • Higher rates = Lower demand, which can slow home price appreciation.

  • Lower rates = Increased demand, which can drive home prices up.

Even if rates decrease, competition for homes could drive up prices, potentially negating the benefits of a lower interest rate.


2. The Cost of Waiting for Lower Rates

Waiting for mortgage rates to drop might seem like a good strategy, but there are hidden risks:

Potential Home Price Increases

If rates go down, home prices may rise due to increased demand. A small reduction in rates may not offset a higher purchase price.

Missed Equity Growth

By delaying your purchase, you may miss out on building home equity, which is a key wealth-building tool.

Rising Rents

If you're currently renting, waiting could mean spending thousands more on rent instead of putting that money toward homeownership.

Lending Conditions Can Change

Even if rates drop, stricter lending criteria might make it harder to qualify for a loan, especially if credit and income requirements change.

Cash offers for your home

3. Why Buying Now Could Be a Smart Move

While waiting for lower rates has its appeal, buying now has distinct advantages:

Less Competition

When rates are higher, there tend to be fewer buyers in the market, giving you more negotiating power. Sellers may be more willing to accept offers below asking price or agree to concessions like covering closing costs.

Refinancing Options

One of the best reasons to buy now is that you can always refinance if rates drop. Many lenders offer refinancing programs that allow you to lock in a lower rate later.

Fixed vs. Adjustable-Rate Mortgages

  • Fixed-rate mortgage: Locks in your rate for the entire loan term, protecting you from future rate hikes.

  • Adjustable-rate mortgage (ARM): Can offer lower initial rates with the option to refinance before rates adjust.

Tax Benefits

Homeownership provides tax deductions on mortgage interest, property taxes, and potential capital gains exemptions when you sell.


4. How to Decide: Buy Now or Wait?

When You Should Consider Buying Now:

✔️ You can afford the current rates and monthly payments.
✔️ You found a home you love in your price range.
✔️ You plan to stay in the home long enough to benefit from appreciation.
✔️ You’re prepared to refinance if rates drop later.

When It Might Make Sense to Wait:

⏳ You have bad credit and need time to improve your score for a better rate.
⏳ You’re in a volatile job situation and unsure about long-term stability.
⏳ You’re not ready for the responsibilities of homeownership and need more time to save for a down payment.


5. The Bottom Line: Is Now the Right Time for You?

The decision to buy now or wait depends on your personal financial situation, the local market, and your long-term plans. If you can afford a home and find a good deal, buying now allows you to build equity and secure a home before prices rise further. If rates drop, you can always refinance later.

💡 Need expert guidance? If you have questions about buying a home in today’s market, give Rick Kendrick a call or text at 561-508-8453. Let’s discuss your options and find the best path to homeownership for you!


FAQs

1. Will home prices go down if mortgage rates stay high?
Not necessarily. While higher rates may slow price growth, limited inventory keeps prices stable in many markets.

2. How much could I save if rates drop later?
A 1% rate decrease could reduce your monthly payment significantly, but this could be offset by rising home prices.

3. Can I refinance if rates drop after I buy?
Yes! Many homeowners refinance to lower their payments when rates improve.

4. What if I wait and rates go even higher?
If rates rise, your buying power decreases, meaning you may afford less home for the same budget.

5. Is now a good time to buy in Florida?
Florida remains a competitive market with strong demand. If you find a home at a good price, it may be wise to buy now rather than wait.

📲 Want to explore your home buying options? Contact Rick Kendrick at 561-508-8453 today!

mortgage interest rateshomebuyer mortgage interest rates
blog author image

Rick Kendrick

Rick Kendrick, a Palm Beach Realtor and proud owner of Your Home Sold Guaranteed Realty of Florida, boasts an exceptional track record as an award-winning real estate agent. Leading his own Real Estate Team headquartered in North Palm Beach, Florida, Rick covers the Southeastern region of Florida and maintains a vast network of agents throughout North America. His impressive achievements have garnered attention from prominent media outlets such as Fox, CBS, NBC, and ABC, as well as radio stations like 850 WFTL News Talk and Sunny 107.9 FM. Rick's expertise and passion for real estate shine through in his captivating Real Estate Talk Show, where he hosts esteemed guests for insightful discussions on industry trends and tips. Tune in to stay informed and engaged in the world of real estate with Rick Kendrick.

Back to Blog

About Rick Kendrick

Rick Kendrick, Palm Beach Realtor is the Owner of Your Home Sold Guaranteed Realty of Florida. Rick is an award-winning real estate agent and the top one percent of agents. Rick also leads his own Real Estate Team headquartered in North Palm Beach, Florida. His team of realtors covers the Southeastern region of Florida and his network of agents extends throughout North America.

Rick's accomplishments have garnered the attention and admiration of not only his clients but also prominent media outlets and celebrities. As an esteemed professional, Rick has been featured on highly regarded platforms such as Fox, CBS, NBC, and ABC, where his expertise has been showcased to audiences far and wide.

His insightful real estate advice and remarkable success stories have also been shared on popular radio stations such as 850 WFTL News Talk and Sunny 107.9 FM, captivating listeners with his wealth of knowledge and passion for the industry.

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Discover Our Free Report: "The 9 Step System to Get Your Home Sold Fast"

Discover essential insights with our free report on the most common and costly mistakes homeowners make when selling their property. Learn how to navigate the real estate market with confidence, set the right price from the start, and effectively prepare and present your home to attract serious buyers. This guide will equip you with the knowledge to make informed decisions and maximize your return on investment. Whether you are a first-time seller or have sold properties before, avoiding these pitfalls can save you time, stress, and money.