I am going to go past 40 weeks?

So I went to my 38 weeks appointment today. I was only 1cm and 70% effaced. Doctor told me baby is very, very low. Does that mean baby is coming soon? She wanted to induce me by next week but I rejected offer. I want to give my body time. Is anybody in the same page or from own experience? Is baby going to be here soon? Thank you.