Sellers! Sell Now Before the Interest Rates Go Up!

 

Interest rates are hovering at historic lows of ~3.5%. Historical interest rates are 6-7% and have been as high as 15-18% as recently as the 1980s.

U.S. Wins Gold!

A 1% interest rate increase, translates into a roughly 10% increase in the price of a home or monthly mortgage rate. That means that a home that is currently worth $100,000 will be $110,000 or $120,000 with a 1-2% interest rate increase. A monthly payment of $700 will be $770 or $840!

 

With so few buyers today able to qualify for a mortgage or willing to even buy a home, imagine what would happen with a 1%,2% or 3% mortgage rate increase?

 

It would price many buyers right out of the market!

 

The average appreciation of home prices for the last 50 years is 3-4% annually.

 

So does waiting 1 or 2 years for prices to increase make sense if the equivalent price increase to the buyer is 10-20%?

 

Sell now before your home loses more value!

 

Call the team that gets them sold!

 

Call The Ruiz/Miller Team!

 

 Keller Williams is #1

 

Let The Ruiz/Miller Team know who you know that is thinking of buying, selling, or investing in real estate that we can contact today.

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6 Comments on Sellers! Sell Now Before the Interest Rates Go Up!

AUG
08
137,281 Points 2 Featured Posts Localism Sponsor Outside Blog

Exactly what my Facebook posts have been about lately, Bob!  Make it a great day!

 
6:36am • #1
511,595 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks Faith!  I will check them out!
8:02am • #2
231,624 Points 4 Featured Posts Outside Blog Called Shot Master

Great post - low interest rates are a good reason to not put off buying or selling today! Regards Dave
8:31am • #3
1,057,282 Points 246 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Bob- the possiblilty of rising interest rates is always a good signal that it's time to buy. 
8:37am • #4
AUG
12
983,608 Points 57 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Election time usually keeps the rates down, but we could see an increase right after - NOW is the time to buy!

 
6:08am • #5
AUG
13
511,595 Points 13 Featured Posts Outside Blog Called Shot Master

Thanks Joan.  I suspect a lot will change after the election.  Not so much Washington, but those waiting to see what will happen in Washington.
2:06am • #6


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Bob Miller - The Ruiz/Miller Team Ocala & Marion County (Keller Williams Cornerstone Realty) Rainmaker_large

Bob Miller - The Ruiz/Miller Team Ocala & Marion County

Ocala, FL

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Keller Williams Cornerstone Realty

Address: Attn:The Ruiz/Miller Team, 1918 SE 17th St., Ocala, Fl, 34471

Office Phone: (352) 547-1074

Cell Phone: (352) 789-9506

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Author Bio: Let The Ruiz/Miller Team 45+ years of finding solutions; solve YOUR real estate needs. We SELL homes! Find your dream home or a great investment! Can we sell it? Yes we can! Call us today 352-547-1086 Get 2 Realtors for the price of 1!

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