Let me say right up front, I’m not an economist but many of them, along with lots of other industry analysts, say there’s little doubt rates will rise. And by the fourth quarter of 2013 we’re liable to see them a full point higher than they are right now.
This is great for Buyers....... but Sellers you need to take advantage of this as well.
Many Sellers are waiting until prices raise more. The thing you are not taking into account is that the longer you wait, the more you will be paying in interest for your new home.
So it works both ways. Buyers – and sellers – need to have a sense of urgency during low interest rates.
If you have been thinking about moving, this is a Great time to List your home!