Times are changing - fast. The current lenders in our area are telling us REALTOR'S that after the first of next year, interest rates will likely climb and quite possibly into the double digit figures. If you are interested in buying or selling your home, you should not wait. Buyers, the interest rates are still very, very low. Even though the figure changes almost daily, you can still lock in a loan for around 5% for a 30 yr fixed. What are you waiting for? Buy, Buy, Buy, and now!
Sellers, I've heard people lately say, "I know this is a buyer's market, so I'm going to wait to sell my house later." So what if it is a buyer's market. That only means there are a lot of homes on the market for the buyer's to choose from. Right now the buyer's are buying, but if the interest rates should go up to double digit after the first of next year, who will buy your house then? If the buyer's are buying now, doesn't it make sense to put your home on the market now. And if you've done your homework of getting your house it tip top shape, it shouldn't be hard for buyer's to choose your house ove the one down the block. What are you waiting for? Put your house on the market now!