“WHAT DO RISING INTEREST RATES MEAN FOR SELLERS?”
Rising interest rates typically mean that fewer buyers will be in the market for a house because fewer qualify, and those who do will qualify for a lower loan amount. This means less competition over houses listed for sale. Sellers may see longer market times and offers that are below the asking price. However, that doesn’t mean you shouldn’t list your home for sale when interest rates are on the rise. Many sellers are also about to become buyers as they upgrade or downgrade to a different home. As buyers, they will have less competition, pay a lower price, be more likely to have an offer accepted, and may even be able to make a contingent offer.
Using services of an experienced real estate agent is one of the smartest moves you can make when comes time to sell your home or when you are choosing a new one. We will use the full range of our expertise, knowledge , and commitment to get you a price you are hoping for when it comes time to sell or when negotiating a purchase. You can always count on our real estate professionals to do what is in your best interest. To set up a consultation, just give us a call. ” OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
