04/17/2026
Warren Buffet’s famous quote about the stock market also applies to the housing market.
Right now, when many potential buyers are fearful, is actually a good time to buy a home. Almost all serious sellers are having to offer incentives to buyers to get their home sold. While most buyers think about a price reduction first, it is often better to ask for seller credits instead of… or in addition to a price reduction. Seller credits can be used to pay closing costs, reducing the cash needed to close by thousands of dollars.
Seller credits can also be used to buy down the interest rate on your mortgage loan. On a $375,000 mortgage loan, reducing the interest rate from 6.2% down to 5.2% would save you about $238 per month!
PS: Nervous about buying a home? Call me about my Buyer Satisfaction Guarantee!
Ken Kueker - Keller Williams Realty At The Lakes