Denver Real Estate Agent Warns Homeowners Of The Dangers Of Waiting to Sell Your Home!
As the Federal Reserve begins winding down their purchase of mortgage backed securities interest rates will climb. In fact, interest rates have jumped .5% in just the last week and many expect them to continue to go higher.
What Does This Mean? As interest rates climb, monthly payments increase on mortgage loans. This means the pool of buyers that can afford your home today is shrinking. More than likely, the market will change from a sellers market to a buyer’s market.
So instead of having bidding wars upping the purchase price (as we’re experiencing right now) buyers will be in charge. Homes will sit, prices will drop and lowball offers will roll in.
If you’ve been waiting to list to get top dollar or get back some of what you’ve lost in the downturn, now is the time to act before everything changes. To see what you could get for your home today, get my FREE, No Obligation Market Analysis.
Contact us anytime you need to know what's really going on in this market. When you're ready to take the next step toward selling your home, we're here to help. We'll make sure your listing gets the best exposure and reaches the right buyer—whether they're out of state, in another country, or right around the corner.