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Bob Kory is the Founder and Broker Associate with more than 35 years of experience, named by Houston Magazine” One of the 100 Top Realtor’s for the Houston Area in 2009 and 2010

Email: bobkory@NUMBER1EXPERT.com
Phone: 281-394-4608
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Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.

One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.

If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.

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Bob Kory Team
Bob Kory Property Management
21945 Katy Freeway Suite A2
Katy, TX 77450
281-394-4608
Fax: 281-840-6924
bobkory@NUMBER1EXPERT.com

Bob is and has been a top Broker in the Katy, TX area for years. He is the founder of Century 21 Western in 1976. He has personally sold over $300 million in sales- specializing in corporate relocation. Bob knows what it takes to sell at top dollar, as well as getting the best value when buying. Whether you are buying or selling a home Bob’s EXPERIENCE and extensive knowledge is exactly what you need in a real estate transaction. Hire Bob and his team today and let them be the difference in your real estate experience!

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