Interest rates are getting higher, and that can be scary for some buyers.
As a seller, you can help make life a little easier for your buyers–which can help you attract the best buyers to your listing and get your home sold fast.
Right now, the buyers still have access to the upfront money for down payments and closing costs as they have in the past couple of years.
But one of the main reasons we’re seeing demand starting to shift is because of the rising interest rates. Those higher interest rates can mean that buyers end up paying way more for their home by the end of their mortgage term than they would have if they got a mortgage this time last year. Right now, it's those long-term financials that are the current issue for buyers.
Your agent will be able to come up with a few different options for your area’s specific buyers and your situation so you can attract the buyers who will pay top dollar for your home.
Want to talk more about how to make your home appealing to the best buyers? Let's set up a chat!
