Sellers! Sell Now Before the Interest Rates Go Up!

By
Real Estate Sales Representative with Keller Williams Cornerstone Realty
http://actvra.in/G4T

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!

 

Posted by

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

Search on iPhone, iPad, Android - click here

KW1C8J9V
Enter the following URL (http://app.kw.com/KW1C8J9V)
Or scan the above QR code using your mobile address.

When prompted enter our unique agent code : KW1C8J9V 

Keller Williams is #1

 

 

 

   Join Active Rain

ActiveRain Logo

  Follow us on Facebook The Ruiz/Miller Team on HGTV     The Ruiz/Miller Team on You Tube The Ruiz/Miller Team on LinkedIn The Ruiz/Miller Team on Google+

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Keller Williams Active Rain Bloggers
A+Tudes!
"Whacked"!!!
Addicted to Active Rain
Realtors®
Tags:
home prices
buyers market
mortgage interest rates

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
182,239
Faith LaRosse
Springer Realty Group - Wyomissing, PA
Realtor(R)

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

 

Aug 08, 2012 06:36 AM #1
Rainmaker
683,251
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Thanks Faith!  I will check them out!

Aug 08, 2012 08:02 AM #2
Rainmaker
233,991
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Great post - low interest rates are a good reason to not put off buying or selling today! Regards Dave

Aug 08, 2012 08:31 AM #3
Ambassador
1,917,110
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Bob- the possiblilty of rising interest rates is always a good signal that it's time to buy. 

Aug 08, 2012 08:37 AM #4
Rainmaker
1,923,801
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

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

 

Aug 12, 2012 06:08 AM #5
Rainmaker
683,251
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

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.

Aug 13, 2012 02:06 AM #6
Post a Comment
Spam prevention
Show All Comments
Rainmaker
683,251

Bob Miller

The Ocala Dream Team
How can the Bob Miller Team Solve Your Real Estate Needs?
*
*
*
*
Spam prevention

Additional Information