06/05/2026
Three questions Central New York buyers have asked me this week — and the answer to number one is costing people $25,000.
Waiting for rates to drop means competing with everyone else who was also waiting. You save $200 a month but pay $25,000 more because now you are in a bidding war. Rates are refinanceable. Your purchase price is not.
Sellers are negotiating right now, just on credits, not price. I got a buyer $12,000 toward closing costs last week on a house that had been sitting for 18 days.
The buyers winning in this market are not the ones with the most money. They are the ones asking the better questions.