As the real estate market in South Florida continues to find the floor in terms of pricing, another nuisance is slowly finding its way into the marketplace ...interest rates!!!! Thankfully mortgage interest rates have been at historic lows for quite some time now. This has been taken for granted and with market turmoil and the huge surplus of available housing, rising interest rates have a direct impact on the ability for many buyers to qualify for the home of there dreams.
As a Licensed Auctioneer, we are very fortunate that the vast majority of purchasers pay cash. This in part is due to the specific guidelines and the pre bidder registration process which includes a no contingency clause for the buyer, even financing!!!
If rising interest rates and a over supplied sluggish market have you second guessing when or if you can sell any time soon, you owe to yourself to consider the Auction sales method.
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