Increasing Interest Rate Impact

by Madhu Sarkar

Hey… Knock!! Knock!!

Were you just thinking of selling your house but haven’t yet made up your mind?

You need to decide before it’s too late.

Let me help you with some information.

 

Photo of an illustration of interest rates

 

They have repeatedly apprised us, warned us and now they are doing it! Yes… we are talking about Interest rates. Interest rates have already begun to rise and economists expect several Interest rates increase this year. They are expecting three more hikes this year. 

 

Photo of an illustration about the downfall of home prices

 

In furtherance to the above information, let me apprise you that typically, when interest rates begin to rise, prices begin to fall.  Because, there are not too many buyers who qualify for a higher payment along with higher interest rates, thus at the end buyers settle down for lower priced properties to pay higher interests. Obviously, this affects the sentiment of sellers and they too have to reduce the pricing of the property. So, it is prudent to sell a property when the market looks bullish.

 

Photo of an illustration showing now rather than later

 

If you were considering to sell your house, it’s very much the time to act. Not everyone gets this opportunity of selling their house at such a hiked price. You have the opportunity to sell your house at the hottest market, one has seen in decades. It’s a time when market is at all-time high.

 

Photo of a family who bought their own house

 

If you are considering selling your home or purchasing your home, please reach out to me for a valuation of your home with an in-depth knowledge of your locality.

Just grab this opportunity before it’s lost. 

 

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"Thanks for reading this article and for a hassle-free experience of purchase/sale of home feel free to get in touch".

 

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Madhu Sarkar

Agent | License ID: 01702931

+1(650) 504-7768

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