Are you waiting for the bottom of the market to buy a home?

You better get the butt of the game to buy a home today. In This Video, San Diego Realtor Kyle Whissel will show you a little bit about where the market is at and where we believe that the market is headed. Must watch this video.

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eXp Realty | CA DRE# 01878277

If you've been waiting for the bottom of the market to buy a home, you better get your butt in the game and buy a home today. My name is Kyle Whissel with Whissel Realty Group, and I want to talk to you a little bit about where the market is at and where we believe that the market is headed. Here's the thing I hear from buyers all the time is, "I want to wait 'til price is bottom out, "and I want to buy a home." Well, guess what? We're at the bottom now. I know the media isn't telling you this. The media is telling you that values are still going down, whatever. Well, the media's delayed a few months. They don't actually know what's happening on the streets today. We've got 85 agents on our team locally, we have over 10,000 agents nationally that have boots on the ground, that are out there, that are getting the phone calls from the buyers, that are out there doing the open houses, that are doing the thing, right, that are feeling what's happening in the market today. We're not just reading the news, we are making the news happen as it happens. And here's what's happening is, all the buyers are back.

Everybody is back in the game. We believe that we have passed the bottom. We're either right at the bottom or just past the bottom a little bit. You typically don't know you're at the bottom until you're past it. I think that's about where we are right now. So if you've been waiting for values to fall, they have fallen here in San Diego, values have fallen around 15%, some markets a little more, some markets a little less, but we've fallen about 15%. So if you're waiting for values to fall, for prices to fall, they've fallen. Now is the time. I don't believe they're going to fall any further. So if you've been trying to time the bottom, this is your chance. I'm telling you right now, 20 plus years of experience, 4,000 plus home sales, 85 plus agents locally, 10,000 plus agents nationally, now's the time. This is as close to a bottom as you're going to be able to get. And you're going to say, "Well, interest rates are so high right now." They've actually come down over 20% in the last couple of months, so they've fallen. We're seeing a lot of our buyers, depending on the loan type, FHA and VA buyers, locking in in the low fives, our conventional buyers locking in in the high fives right now.

So we're seeing 5% interest rates, and we believe that those rates will probably even get better. As the year goes on and inflation continues to fall, rates will fall. But here's what happens, when rates fall, all the other buyers are getting back in the game. That's why a lot of buyers are getting back in the game right now. We expect that to only get worse as the year goes on. Well, as the rates get better and the buyers get back in the game, values tend to go up. So here's why you need to buy now. We've hit the bottom, get in the game now, lock in your rate in the fives now, watch the values go up, and then in a few months, maybe six months, maybe 12 months, maybe 18 months, when interest rates get down, probably under 5%, 'cause I think they will be in the next 12 months, then you can re-fi again. But here's the beauty of buying a home, is that when you lock in an interest rate, that's the highest your payment's going to get. It can only go down, right? They're not going to raise your rate on you, they're going to lock you in at a 30 year payment. But if rates get better like we expect them to, you can even come in at a lower payment. So get out of the game of renting, get in the game of buying. Now is your time. Call us, text us at the number down below. We'd love to sit down. We'll go a little bit more in depth on the market, exactly why we believe we passed the bottom. Call us, text us today. I'm Kyle Whissel with Whissel Realty Group.

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