Good news, rates are dropping! I think we can all agree, the lower mortgage
rates have been a breath of fresh air for the real estate market. So, as a seller with rates dropping is now a good time to list your home?
Hi, I’m Terry Tucker with eXp Realty. I love helping people sell and buy homes right here in the San Ramon Valley and the greater San Francisco Bay Area!
Falling interest rates can impact the housing market for sellers by creating both opportunities and challenges, so it is important to look at both the pros and cons of listing your home in a market with dropping rates.
First off, you need to understand why you’re selling your home. These reasons often fall into
three categories:
- Lifestyle categories,
- financial reasons and
- property needs.
Sometimes lifestyle changes can be the dominant factor in the decision to sell your home despite what’s going on in the market. Also, how are the falling interest rates creating a more favorable seller’s market? Typically, rate drops increase buyer demand. As more buyers enter into the market, you as a seller may find yourself in a stronger negotiating position to secure better terms for your sale. This means you have the
opportunity to capitalize on the momentum with getting a higher price and
possibly multiple offers in your property.
However, make sure you weigh out all your options and your decision to list is not an impulsive one. You may want to consult a tax professional to see if there are any tax implications with your sale.
Also, be sure you have a plan for your replacement property and what the move
entails, especially if you are leaving the state. There may be some hidden costs that you are not aware of that can affect your bottom line of profit. It is important to take the time to weigh out the pros and cons to determine if you should sell your home now. While the market is looking better with lower interest rates and more buyers, there may be some other factors that you need to consider. The decision is yours.
And as always, the right real estate professional can help you figure it out and put together a strategic marketing plan to make it happen.
If you would like more information on San Francisco East Bay Area real estate market, Call me today and let’s talk about it. I’m a seasoned East Bay expert with a 5-star rating. I’ll help you navigate the market and make it happen, whether that’s selling, buying or both!
And if you or someone you know needs to sell a home, ask me about my home-selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. Terms do apply. I’m Terry Tucker and I’m a home selling expert. Let’s get you going, Call me today!
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