Looking to buy or sell? How about a Halloween Event?

By
Real Estate Agent with Summit Real Estate Group BRE# 01215778

Family, Friends & Clients,

Is there any reason to buy a house with the current rising interest rates?

Rising Interest Rates have adversely impacted the purchase power of those of us hoping to buy a house or investment property.  This will most likely lead to an eventual drop in house prices as well as an increase in foreclosures and short sales.  There is a benefit to those hoping to purchase a house in the current atmosphere.  Homeowners will be less demanding and more willing to negotiate on price and repairs.  There will also be much less competition for that perfect house for the future.  There is also a good chance that interest rates will come down, leading to a lower rate in the future by refinancing.

Should I still sell my house or investment property as demand has decreased due to many increases in interest rates?

There are multiple reasons to sell your house or investment property at this time.  Home Prices have risen dramatically over the past few years.  The price you can sell for at this time is still an incredible profit.  If you are concerned about your finances it is wise to think ahead and avoid being forced to sell in a Buyer's Market.  It is also a great time to sell your house and purchase another house that better suits your future needs.  Also think ahead with your investment properties to see if you should sell or make a 1031 Exchange.  We have resources to help walk you through these steps and also explain the benefits to you.

Rising interest rates affect home affordability for buyers by increasing the monthly mortgage payment. Despite how it seems, there are benefits to buying when interest rates rise. Less buyer competition forces home sales prices down, opens up more choices for buyers and can reduce buyer risk.

Find a Halloween Event in Santa Clarita, Los Angeles, Orange County & California

Our Team has been through several downturns in the past twenty-five years.  Contact Paul & Tracy Dinkel to reach their office in Aliso Viejo at 661-510-3042 for help in Orange County and the Beach Communities.

Contact Tony & Dani Lewis at their office in Valencia at 661-510-7975 for help in the Santa Clarita Valley and Los Angeles County.  We have Listed & Sold Thousands of homes.  Our repeat business has been a hallmark of our career.

Presented by your Friends & Realtor Tony & Dani Lewis Summit Real Estate Group

Offices in Valencia & Aliso Viejo, California.

Serving the Santa Clarita Valley, Los Angeles County, Orange County, OC Beaches

Comments (1)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Hi,

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Thanks Bill

Sep 27, 2022 01:48 PM