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PSA for Sellers
3 years ago
2
Why should you sell now?
Let's compare what has happened in the last 10 months and what rate increase is trying to do. First, the Fed wants to slow down the pace at which people borrow money. To do that they have increased rates.
Here is why I feel you are the top of the selling market:
-10 months ago the interest rates were around 3.25% (this comparison takes into account the same buyer, with the same credit and buying power)
-The buyer 10 months ago could purchase a $300k home with 5% down and the principle and interest payment would be $1240/Month
-Today, that same buyer, for same house would pay $1641/month (the only factor has changed is the interest rates)
If you are on the fence of selling your home, let's connect.
-Jared
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