Why Now Could Be the Best Time To Buy a Home in Florida

Are you thinking about making a move in Florida’s real estate market? I recently spoke with Jonathan Shupe, Branch Manager at Shupe Lending Group, where we discussed why buyers who wait for the “perfect time” may miss out on real homebuying opportunities.

We went over how current interest rates—though higher than in past years—are giving buyers an advantage. For instance, with less competition, it’s easier to negotiate seller credits and secure a better deal on the purchase. When rates eventually drop, refinancing can lead to even greater long-term savings while your home builds equity.

This discussion provides valuable insights into how current interest rates, lower competition, and the potential for refinancing can make homeownership more accessible. Watch the entire video or use the timestamps below to dive right into the topics that matter most to you.

00:00 - Introduction

00:17 - Interest Rate Trends

00:23 - Rate Volatility and Its Effects

00:43 - The Risks of Timing the Market

01:05 - Impact of Higher Rates

01:17 - Easier Negotiations in a High-Rate Market

01:38 - Predictions for Future Interest Rates

02:19 - The Role of Supply and Demand in Pricing

03:51 - Refinancing Opportunities When Rates Drop

06:03 - Renting vs. Buying Mortgage Gap

06:18 - Mortgage Payment Comparison with Rent

06:50 - Benefits of Property Appreciation and Principal Payments

07:00 - Renting vs. Building Equity in a Home

07:21 - Wealth Differences Between Renters and Homeowners

07:40 - How Homeownership Boosts Net Worth Over Time

08:02 - Offering Help for Buyers and Sellers

08:47 - Opportunities for Sellers in the Current Market

09:04 - Negotiating Offers and Helping Buyers

09:31 - Closing Remarks and Contact Information

I hope you found our discussion helpful and insightful. If you’re ready to move forward or if you have any questions, don’t hesitate to reach out. You can call me at 727-410-6075 or email me at shoba@sjipropertygroup.com. I’m here to help you every step of the way in your home-buying journey.