Mortgage Rates Just Saw Their Biggest Drop in a Year You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage
If you follow the news, you might think the real estate market is always in trouble—or always about to boom. One week, headlines warn about high interest rates. The next week, they talk about rising home prices or low inventory. It can feel confusing, stressful, and even scary if you are thinking about buying or selling a home.
But here is the truth most experienced homeowners and successful buyers already know: the people who win in real estate are not the ones who try to time the market perfectly. They are the ones who prepare.
Preparation gives you options. It gives you confidence. And most importantly, it helps you make smart decisions instead of emotional ones.
Let’s break down why preparation matters so much—and how both buyers and sellers can use it to their advantage in any market.
Many people wait for the “perfect” time to buy or sell. They hope rates will drop, prices will fall, or competition will disappear. The problem is simple: the perfect market does not exist.
Every market has:
Some good news
Some bad news
Some uncertainty
In a hot market, prices may be high and competition tough. In a slower market, buyers may be cautious and homes may take longer to sell. Each situation has pros and cons.
Prepared people don’t wait for perfect conditions. They learn the rules of the current market and play the game better than everyone else.
Preparation is not just about reading a few articles online. Real preparation means:
Knowing your numbers
Understanding your goals
Having a clear plan
Working with the right professionals
Being emotionally ready to make smart choices
When you are prepared, you stop guessing and start acting with purpose.
Let’s look at how this works for both buyers and sellers.
Prepared buyers do not start by scrolling listings. They start by understanding what they can truly afford.
That means:
Talking to a lender
Getting pre-approved, not just pre-qualified
Knowing their monthly comfort zone
Planning for taxes, insurance, and maintenance
This does two powerful things:
It saves time
It makes offers stronger and more confident
Sellers take pre-approved buyers more seriously. In competitive markets, this alone can make the difference between winning and losing a home.
Prepared buyers don’t just look at national headlines. They focus on what is happening in the neighborhoods they want to live in.
They learn:
What homes are actually selling for
How long homes stay on the market
How much negotiation is realistic
What makes an offer competitive
This keeps them from overpaying out of fear—or losing out by offering too little.
Buying a home is emotional. That is normal. But prepared buyers don’t let emotion run the whole show.
They:
Set clear priorities (must-haves vs. nice-to-haves)
Decide their walk-away price in advance
Avoid bidding wars that break their budget
Think long-term, not just about today
This protects them from buyer’s remorse and financial stress later.
Because prepared buyers already:
Know their budget
Have financing lined up
Understand the market
They can act fast when the right home appears. In many markets, speed plus preparation beats almost everything else.
One of the biggest mistakes sellers make is pricing based on:
What they “need” to get
What a neighbor listed for
What they hope the market will do
Prepared sellers price based on:
Real, recent sales
Current buyer demand
Condition and features of their home
Market trends in their area
The right price from day one:
Attracts more buyers
Creates stronger offers
Reduces time on market
Often leads to a better final result
Overpricing usually does the opposite.
Prepared sellers do not rush to list. They take time to:
Fix small issues
Declutter and clean
Improve curb appeal
Make the home easy to show
Highlight the home’s best features
These steps do not always cost a lot, but they often:
Increase buyer interest
Reduce lowball offers
Help the home sell faster
Improve the final sale price
First impressions matter. In real estate, they matter a lot.
Selling a home is not just about selling. It is also about what comes after.
Prepared sellers:
Know where they are moving
Understand their budget for the next home
Plan for timing and transitions
Think through storage, rent-back, or temporary housing if needed
This prevents rushed decisions and stressful surprises.
When sellers are prepared, they:
Know their bottom line
Understand current buyer behavior
Can respond calmly to offers and counteroffers
Avoid panic if the first offer is not perfect
This leads to better deals and smoother transactions.
Lack of preparation usually leads to:
Overpaying as a buyer
Underpricing or overpricing as a seller
Missed opportunities
Stressful decisions
Deals falling apart
Regret after closing
The market gets blamed—but most of the time, the real problem was the lack of a plan.
Interest rates will move. Prices will go up and down. Inventory will rise and fall. None of that is under your control.
What is under your control:
Your financial readiness
Your knowledge
Your expectations
Your strategy
Your team
Prepared buyers and sellers don’t fear the market. They use it.
Even smart, motivated people benefit from expert guidance. Real estate is full of:
Legal details
Pricing strategy
Negotiation tactics
Timing decisions
Local market nuances
Having the right advisor helps you:
Avoid costly mistakes
Spot real opportunities
Stay grounded when emotions run high
Build a plan that fits your life, not just the headlines
There will always be reasons to wait. There will always be scary headlines. There will always be someone who says, “Just give it a little more time.”
But the people who reach their goals in real estate are usually the ones who stop waiting for perfect conditions and start preparing for real ones.
Whether you are buying, selling, or just thinking about your options, preparation is your real advantage—no matter what kind of market we’re in.
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text HomeswithJustin to 85377.
Mortgage Rates Just Saw Their Biggest Drop in a Year You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text Ho
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text Ho
Mortgage Rates Just Saw Their Biggest Drop in a Year You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text Ho