08/06/2026
The reality of each of these đ
1. âI missed my chance. Everyone who got a good deal bought years agoâ
Reality: Just because you werenât ready or able to buy a house during the covid real estate craze, doesnât mean you missed the mark. The rates were more ideal, but many buyers had to bring more out of pocket, buy way over appraised values, and settle on homes just to âwinâ in multiple offers. Deals can still be found in todayâs market.
2. âItâs going to take forever to save up 20% for a down paymentâ
Reality: You donât actually need 20% down to buy a home! You can bring as little as 3.5% down to get into a home.
3. âRenting is just cheaper than buyingâ
Reality: Renting can definitely be great for a season but that doesnât mean itâs cheaper. Itâs definitely possible to find homes with the same or a lower mortgage payment than what you might be paying in rent.
4. âIâll just wait for rates to come downâ
Reality: No one knows exactly if or when rates would lower. You could realistically be waiting for many years for lower rates, and the home values will continue rising in the mean time. If your goal is homeownership, its better to buy a home you can comfortably afford now and then you can wait on rates to refinance.
Do you have any questions or hesitations about buying right now? Let me know in the comments.
Grace Conroy
Oklahoma City Realtor
Keller Williams Elite