“HOW RISING RATES AFFECT BUYERS”
A higher mortgage interest rate means that home buyers will pay more for their home purchase each month and throughout the life of the loan. It also reduces the loan amount for which a buyer will qualify. But rising mortgage rates are not all bad for buyers. Since fewer buyers will qualify for a loan, fewer buyers will be competing for homes. Less competition keeps the houses on the market longer, giving buyers more time to make a sound decision. Rising rates can mean that buyers could offer less than asking price or ask the seller to make concessions. It can also mean that sellers are more likely to agree to any needed repairs during the transaction process.
Whether you are buying or selling, we are the real estate professionals you’ll want to guide you to a successful conclusion. The rigorous training, years of experience, and love of what we do make us eminently qualified to lead you through the realities of current real estate trends and transactions. Because of our contacts and access to numerous tools for finding the solution you’re hoping for, we can make the process easy for you. All it takes is a call to set up an appointment. We look forward to hearing from you. ” OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
