With high inflation, interest rates, and ever-higher home prices, buyers need to maximize every opportunity to increase their buying power. It’s not enough to just reduce your debt, keep your credit score up and squirrel away money for a down payment and closing costs. Here are some next level ways to increase your buying power in today’s real estate market.

Jill Biggs Tom Ferry


Interest Rate Buy Down 

An interest rate buydown is a great way to ride out the high-interest climate we are in right now. With a buydown, interest rates are reduced for the first two years of a mortgage. For example, if you opt for a 2-1 buydown, your interest rate is reduced by 2% the first year and 1% the second year.


Federal Programs

Several post-pandemic federal programs are available to assist first-time home buyers who may have burned through their savings. Check with your local lender to determine which communities in your state are eligible.


Time is Money

Absorbing some of the common seller burdens could be worth money to them. For instance, if you are willing to buy a home ‘As-Is’ or inherit a houseful of useless furniture that has to be moved, it could set you apart from other buyers. 


As long as we are in a seller’s market, buyers need every advantage they can find so they can come out on top in a competitive real estate market.


Our team of local financing experts are ready to guide you through the home buying process. To learn more about your options, click here!