- Less competition. This means your buyers can negotiate a better deal. In turn, your sellers will be able to negotiate a better deal on their next home, likely offsetting the concession on their existing home.
- Seller buy down. To attract more buyers, sellers can pay borrower discount points rather than reduce their list price. This provides a lower rate for the buyer, and the seller may be able to save thousands by not lowering their selling price.
- Marry the home, date the rate. Rates are temporary, but a home could last a lifetime. Most home buyers qualify for a refinance after 6 months, which means they can take advantage of lower rates when they come. If rates go up, they have the confidence they locked in at a lower rate.