INTEREST RATES (%) WILL BE GOIN UP IN 2022
At the end of every year, everyone wants to know what will happen to the real estate market in the coming year, especially when home values are as high as they are today.
A QUICK NOTE FOR SELLERS:
Make the most money on your home TODAY! Low interest rates are allowing buyers to pay top dollar for your home now. Don’t miss out on this!
The truth is, interest rates will be going up in 2022! There is some good news though. Look at the graph above. Looking back at the past 20 years, the amount of homes that were selling never declined even when interest rates went up. In other words, the real estate market was not negatively impacted by the rise in interest rates.
So why shouldn’t a homeowner wait to sell their home since their home value shouldn’t be declining? Well, NO ONE CAN PREDICT THE FUTURE. Even though things are expected to go a certain way, we can never know with 100% certainty that your home will gain even more equity in the next few years.
A more reasonable way to look at it would be to consider what your new interest rate will be on your new purchase after selling your current home. Rates are still low NOW! So as mentioned above, not only will the buyer of your property pay top dollar for your home, but you now will be able to benefit from the low interest rates on your purchase as well!
Call us today! Ask for Maria, (562) 883-1003
INTEREST RATES (%) WILL BE GOIN UP IN 2022
At the end of every year, everyone wants to know what will happen to the real estate market in the coming year, especially when home values are as high as they are today.
A QUICK NOTE FOR SELLERS:
Make the most money on your home TODAY! Low interest rates are allowing buyers to pay top dollar for your home now. Don’t miss out on this!
The truth is, interest rates will be going up in 2022! There is some good news though. Look at the graph above. Looking back at the past 20 years, the amount of homes that were selling never declined even when interest rates went up. In other words, the real estate market was not negatively impacted by the rise in interest rates.
So why shouldn’t a homeowner wait to sell their home since their home value shouldn’t be declining? Well, NO ONE CAN PREDICT THE FUTURE. Even though things are expected to go a certain way, we can never know with 100% certainty that your home will gain even more equity in the next few years.
A more reasonable way to look at it would be to consider what your new interest rate will be on your new purchase after selling your current home. Rates are still low NOW! So as mentioned above, not only will the buyer of your property pay top dollar for your home, but you now will be able to benefit from the low interest rates on your purchase as well!
Call us today! Ask for Maria, (562) 883-1003
