3 Ways to BEAT Higher Mortgage Rates When Buying a Home| NOVA Real Estate | Sean+Kelly

Mortgage rates have climbed back toward 7% — so should home buyers stop looking and wait? Not necessarily. In this week's real estate market update, Sean and Kelly break down 3 strategies buyers can use to navigate higher mortgage rates, including permanent rate buydowns, temporary 2-1 buydowns, seller concessions, and the potential to refinance later if rates eventually fall. We'll also explain why higher mortgage rates can sometimes create something buyers haven't had much of in competitive markets: negotiating leverage. Before you decide to put your home search on hold because of interest rates, watch this video. Thinking about buying a home in Northern Virginia or the DC Metro area? Reach out to us and we'll help you look at the numbers and determine which strategy makes the most sense for you. Sean + Kelly The Price + Price Group Samson Properties #EarnestMoney #HomeBuyingTips #FirstTimeHomeBuyer #NorthernVirginiaRealEstate #RealEstateTips #HomeBuying #HomePurchase #VirginiaRealEstate #NorthernVirginiaHomes #RealEstateEducation