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Real estate impacts of rising interest rates

“Today is probably the best time in the history of the United States for sellers to get the most money and now is the time to do it,” said broker Donna Castillo. Real Estate Experts advise that if you are ready to sell your home, this is a great time to take advantage of it. However, as interest rates rise again, many potential home buyers are valued. It becomes more difficult for potential homeowners to take out new loans and for current homeowners to refinance current mortgages or qualify for equity lines of credit. On the other hand, housing values ​​across the country are still peaking with a rising appreciation. “Real estate, you will always make money,” said Castillo. “You lose by not buying. I find that some people are waiting and the market appreciates it and now they have lost it. “It’s also a by-product of the COVID-19 pandemic, with many families realizing the need for extra space. So suddenly their house was too small for the current conditions,” Castillo said. “It made them sell and buy houses and just have more space for their family. It was a real change, we thought we would see everyone sitting still for a while. They did not, they needed that extra space. So we saw a lot of movement in the market. ” Castillo recommends the following tips to sell your home faster: 1. Buy another house first2. Move outwards 3. “Pimp Your Crib” 4. Courageous Underprice5. Auction your home with a low initial bid Watch the video above for the full story.

“Today is probably the best time in the history of the United States for sellers to get the most money and now is the time to do it,” said broker Donna Castillo.

Real Estate Experts advise that if you are ready to sell your home, this is a great time to take advantage of it. However, as interest rates rise again, many potential home buyers are valued.

It is becoming increasingly difficult for potential homeowners to take out new loans and for current homeowners to refinance their current mortgages or qualify for equity credit limits.

On the other hand, housing values ​​across the country continue to peak with increasing appreciation.

“The average media price is about $ 350,000 and an estimated 7-10% was found in these homes, so if you buy you will make money. Real estate, you will always make money,” Castillo said. “You lose by not buying. I find that some people wait and the market appreciates and now they have lost it. And they will not be able to afford a house.”

It is also a by-product of the COVID-19 pandemic, with many families realizing the need for extra space.

“So suddenly their house was too small for the current conditions,” Castillo said. “It made them sell and buy houses and just get more space for their family. It was a real change, we thought we’d see everyone sitting still for a while. They didn’t, they needed that extra space. So we saw a lot. market movement “.

Castillo recommends the following tips to sell your home faster:

1. Buy another home first

2. Moving

3. “Pimp Your Crib”

4. Courageous Underprice

5. Auction your home with a low initial bid

Watch the video above for the full story.

Real estate impacts of rising interest rates Source link Real estate impacts of rising interest rates

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