SNOOZE YOU LOSE! RU Waiting to Time the Mortgage Market?

Real Estate Agent with HomeSmart Real Estate BR632450000

SNOOZE YOU LOSE in Real Estate! Are you waiting until mortgage rates drop significantly before buying a home? It may be a long wait similar to a RIP VAN WINKLE snooze/nap. SNOOZE YOU LOSE! Rip was the man author Washington Irving wrote about that had napped for 20 years in the Catskill Mountains and the world had changed so much after his long snooze. (Photo: Nap by Robin Higgins, Pixabay)

Rip Van Winkle

Rip Van Winkle snoozing in yard, by Justinthewind, Pixabay

You may be snoozing also, still renting and facing rent increases year after year and never building any equity like your friends have? Yes, taking that FIRST STEP can be intimidating. Many homeowners are unhappy or merely content with their current home, but are Waiting for the market to “GET BETTER” before they take action on the purchase of their dream home. If you DON'T START YOU  ARE NEVER GOING TO GET ANYWHERE! 

Right now, home affordability is better than ever with home prices AND rents rising steadily. Why wait to buy any longer? Buy a home and lock in your payments for 30 years while building equity. Mortgage rates are also increasing to the mid 7% range but still much closer to record lows than record highs. and there is no better investment in financial terms than your home. Don't forget you can always refinance if rates drop. "Marry the Home, Date the Rate". Home prices have gone UP consistently over the past 100 years. Yes, with ups and downs but in the end, always up. 

Home Prices Increase

So if you are ready to make that next step but are thinking about waiting – maybe you should look at your options. I can offer you a FREE MLS search with my  “Best Buy List” of the homes that are up for sale in your area.

If you decide it's time to take the next step, I’d like to put my state-of-the –art buying services to work for you. And guess what? Because the seller pays the costs, you don’t pay a thing to me.

Visit my website to learn more about the opportunities I see in this market for first-time homebuyers. Or give me a call 480-242-6500 or email at if you would like me to send you a “Best Buy List.”

Living in the Phoenix Metro Area including Scottsdale                 

Jeff Masich, REALTOR® discusses living and buying a home in Phoenix metro area and Scottsdale

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Meet Jeff Masich, REALTOR® and call/text 480-242-6500 or at to get started

To learn more about Scottsdale living or in the Phoenix metro area and to see homes for sale Scottsdale Homes For Sale or Arizona Homes For Sale.

Here is a FREE MLS Search and your very own MLS Search Portal for homes for sale in Arizona. Jeff Masich would be pleased to help you find Arizona Homes For Sale and the right home at the right price!

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Jeff Masich


Scottsdale including Phoenix, Tucson and Prescott metros and throughout Arizona

Buy/Sell with Arizona Homes and Land Group. Ask me, Group Leader about Metro Homes or Ranches and Large Acreage properties throughout the state.

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Comments (7)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Great wisdom in this post and your photos are substantiating the message, Endre

Sep 22, 2023 09:14 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I don’t think there is such a thing as the exact right time for every person. I think it’s very individualized, depending on your circumstance.

Sep 22, 2023 10:18 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. You can't participate in the benefit of rising valuers until you have skin in the game. And mortgage rates below 8% are a gift in the scheme of things. Enjoy your day.

Sep 23, 2023 04:24 AM
Ed (Edward) Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

I have a buyer that was too cautious and every day she loses a chance she regrets the caution and the advice I gave her.

Sep 23, 2023 08:40 AM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI

That is so sad Ed. Taking that first step and buying the first home can be liberating. Jeff

Sep 23, 2023 08:25 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Thank you Endre Barath, Jr. those who snooze miss out on BIG opportunities as home prices continue to rise. Jeff

Sep 23, 2023 08:20 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Hi Laura Cerrano well for those that know they want to buy a home, trying to time the mortgage market as to when you are going to buy is  a VERY difficult thing to do. Those who do often wait and wait and then they realize that home prices have gone way UP.

Sep 23, 2023 08:22 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

I agree with you Wayne Martin and it is amazing that so many buyers are petrified of taking the first step thinking they are paying too much in mortgage interest when they miss out on the price of the home which rises even faster. What they don't realize they do not have to live with the mortgage rate for ever. They can refinance when the rates go down.

Sep 23, 2023 08:24 PM