09/18/2026
*** AGENTS, BUYERS... HEAR ME OUT!!!***
Just trying to put some oil on your gears to help them get moving....
EVERYONE IS FREAKING OUT ABOUT INTEREST RATES...
But has anyone stopped and looked at the BIG picture? Looked at the bottom line???
Before you jump into the comments, this post isn't about arguing whether rates are good, bad, high, or low. This is simply FOOD FOR THOUGHT when it comes to what most people actually care about:
!!!! MONTHLY AFFORDABILITY !!!!
Right now, sellers are having a harder time selling their homes.
That's why you're seeing things like:
Price Cuts
"Reduced $20,000"
Seller Concessions
Sellers Offering Money Toward Closing Costs
Open Zillow and you'll see it everywhere.
Let's use a simple example:
Home Price: $325,000
Let's say rates were 6.25%.
Now let's say rates went up to 7%.
(I'm NOT saying that's where rates are. This is just an example.)
Most people automatically think:
"Well, there goes my payment!"
"I'm Cooked!!"
But here's the part nobody talks about...
To keep roughly the SAME monthly payment you would've had at 6.25%, the seller would only need to reduce the price by about $24,000.
Think the seller wont do it?? Pshhh give it a shot!! like a line from one of my Favorite Movies "Life's a RISK Carnal.." (LOL can you name the movie?)
math is Not exact.
But SUPER close.
THINK ABOUT THAT...
You could end up buying the SAME house...
With roughly the SAME payment...
In the SAME neighborhood...
While paying LESS for the house...
Because sellers are often more willing to negotiate when buyers get nervous.
Again...
I'm not here to argue.
Everyone has different goals, priorities, timelines, and situations.
I'm simply encouraging people to zoom out and look at the entire picture instead of just one piece of it.
JUST Food for thought.
Want me to feed you some more thoughts?
Let's run YOUR scenario.
You might be surprised at what's possible.
Call or Text: 928-322-5008
Santi's Mortgage Group
