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Why Now Is A Great Time To Sell Your Property

Feb 23, 2022

With interest rates set to increase, the sale price could be affected 

Economists for JPMorgan are predicting that the Federal Reserve could vote to raise interest rates to combat the highest inflation rates in 40 years at each of their next nine meetings. Obviously, such a move would greatly affect the real estate industry. Potential buyers may have to submit lower offers because a higher interest rate means higher monthly mortgage payments. If you’re considering selling your property, now may be the optimal time, before interest rates are increased as predicted. 

Unless a buyer has the financial power to purchase a property entirely in cash, a mortgage will be needed, which means an interest rate will be involved. As of the time of this blog post, 30-year fixed interest rates are 4.345% and 15-year fixed rates are 3.385%. Both the principal and interest are used when calculating a mortgage payment. While the amount of the down payment will greatly factor into the monthly mortgage payment, so will the interest rate. Even an interest rate hike of just 0.25% can add hundreds of dollars onto a mortgage payment each month, depending on the value of the property. In a world where it can be very difficult to save money, a higher interest rate could end up making or breaking a sale. Don’t let a potential sale fall by the wayside due to inactivity! 

House Hunters of Dallas is a licensed realtor serving the Dallas-Fort Worth Metroplex, including San Antonio, TXAustin, TX; Buda, TX; Dallas, TX; Fort Worth, TX; Garland, TX; Kyle, TX; Mesquite, TX; Plano, TX; Round Rock, TX; and San Marcos, TX. If you’re looking to sell your property, we can help you do so for the most profit and in a timely manner. If you’re having difficulty finding a buyer (which we don’t anticipate in this market), we also offer cash for houses.

No matter the size and condition of your property, our experienced realtors will make sure you receive the best price possible. We can arrange viewings and open houses for you, and we can assist in the staging process so your home looks as appealing as can be to potential buyers. 

Get in touch with us today and let’s get started! 

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