Found 1 blog entry tagged as Batavia Real Estate.

For many first-time buyers in Batavia, Illinois, this is the question right now. Rates feel higher than a few years ago, and waiting for them to fall can sound smart. But here’s the truth—timing the market rarely beats finding the right home when you’re financially ready.

Prices and inventory matter just as much as rates. Batavia’s starter-home inventory is still tight, and demand remains steady. If prices climb while you wait, the “better rate” might not save you anything in the long run.

The savings may be smaller than you think. On a typical $400,000 loan, a slight dip in rates—say from 6.25% to 6%—changes your payment by only about fifty dollars a month. Meanwhile, home values continue to rise, and you’re missing months of potential equity…

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