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We just closed on a beautiful home in Cowles Mountain, and I couldn’t be more thrilled for my clients. But what made this transaction especially exciting was that we negotiated a 2-1 interest rate buydown—a strategy that helped my buyers save big on their monthly payments in the early years of the loan.
If you’re feeling hesitant about buying in today’s market due to higher interest rates, read on—because there’s real opportunity right now for well-prepared buyers.
🏡 What’s a 2-1 Rate Buydown?
A 2-1 rate buydown is a financing strategy where the seller pays to temporarily reduce your mortgage interest rate for the first two years of the loan.
Here’s how it works:
- Year 1: Interest rate is reduced by 2%
- Year 2: Interest rate is reduced by 1%
- Year 3 and beyond: Fixed rate (the original locked-in rate) kicks in
This structure can save you hundreds per month in the early years of homeownership—when every dollar counts.
💸 Why This Was a Win for My Buyers
In our Cowles Mountain transaction, the sellers agreed to cover the full cost of the 2-1 buydown. That meant:
- My buyers saved thousands in the first two years
- We reduced the financial pressure during the initial transition
- They had extra breathing room in their monthly budget
- They’ll be in a great position to refinance if/when rates drop
This kind of creative negotiation is exactly what makes this market full of opportunity—especially for buyers who have a strong agent on their side.
🧠 Thinking of Buying in San Diego? Don’t Miss These Current Advantages:
- Price reductions are becoming more common
- Homes are sitting longer, which gives you more leverage
- Sellers are offering incentives like closing cost credits, buy-downs, and repairs
- Less competition means you’re not getting caught in bidding wars
If you’ve been waiting for the “right time” to buy… this might be it.
👋 Let’s Talk Strategy
I’m here to help you understand the market, navigate your options, and negotiate smart—so you don’t overpay or miss out on available incentives.
📍 Buying in San Diego or nearby?
📞 Let’s connect. I’d love to help you find your next home and make a winning move.
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