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5 things to tell your clients about rising interest rates!

Monday, November 19, 2018   /   by Juli Jenkins

5 things to tell your clients about rising interest rates!

1. Waiting a few months to buy may result in waiting a few years to own.
We all wish we had that crystal ball to glance into and see when the interest rates were going to increase so waiting it out could cost you some buying power. Like we have been told for year there is NO time like the present. 

2. Concentrate on resale homes or quick move-in construction.
New construction inventory is at an all time high in the area since the bubble burst. Now is the time to take advantage of the available homes and the great incentives being offered.

3. Sellers who wait to list might wait to sell.
We all know the winter time is not the best time to be listing a home but if you have a request to show the buyers tend to be serious and ready to pull the trigger. 

4. Buying down an interest rate might be a good idea.
Personally I believe this is going to be #1 in 2019. I have started to see this as an option to move some of the new construction homes. Trust me they do NOT want to carry inventory over into the new year. 

5. House appreciation will slow as the market corrects itself.

Current appreciation is somewhere between 4 percent and 6 percent per year on average. Some analysts are predicting future appreciation could be as little as 2 percent in the coming year. 

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Keller Williams Realty First Choice - The Juli Jenkins Team
Juli Jenkins
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