“Buyers Taking Advantage of Higher Interest Rates”
I can’t believe it; they accepted our offer. Since interest rates have been climbing, we decided to offer the asking price rather than going over. We’re not sure if there were any other offer, but we are delighted with the purchase price.
A couple of months ago, we sent you all the documents you requested, I am assuming you need updated pay stubs and bank statements, anything else? We should have the signed purchase agreement tomorrow, we’ll forward all to you tomorrow.
Thank you for all your help! Beth
For sure interest rates have risen and will continue to move up, many buyers are recalculating their numbers are now not offering above the listing price in other to offset higher interest rates. Will this trend continue, most buyers that I speak with believe that will be the case. What do you think?
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