3 things homebuyers should do in 2026 (and 3 things to avoid), according to experts
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TL;DR
- Shop around for the lowest mortgage rate and best terms to reduce monthly payments.
- Negotiate seller concessions for closing costs, potentially using them to buy down interest rates.
- Consider homes that require minor updates, as they offer opportunities for negotiation and potential equity building.
- Do not assume recent interest rate drops will continue indefinitely; waiting could lead to higher borrowing costs.
- Avoid expecting home prices to fall, as increased competition from lower rates may drive demand and prices up.
- Do not overlook the total cost of homeownership, including insurance, property taxes, and maintenance.
- Get preapproved for a mortgage to be ready to act quickly in the market.