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By Sally Scrimgeour

Setting a higher standard is more than a motto; it is our dedication to excellence. Since 1999, our team has helped more than 1,000 families to buy, sell, and invest.

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I would like to discuss the topic of interest rates and their impact on sellers and buyers. While it’s true that interest rates are on the rise, I want to assure you that this shouldn’t discourage you from putting your home on the market. In fact, due to the current low inventory levels, it is actually an opportune time to list your property.

Despite the higher interest rates, I am still witnessing multiple offers and active buyer interest in the market. Buyers are actively searching for homes, and demand remains strong. So, if you are a seller, I encourage you to stay the course and remain confident in your decision. The competitive landscape may not be as daunting as it seems.

“Keep persevering and stay committed to your goal of homeownership.”

I understand that a 7% interest rate can appear daunting for buyers. However, they present a unique opportunity for you. The higher rates may result in fewer competing offers, increasing your chances of securing a home at a favorable price. Keep persevering and stay committed to your goal of homeownership. Despite the higher interest rates, there are still opportunities to find a great home at a competitive price.

Furthermore, it’s worth noting that once interest rates decrease in the future, you can explore the option of refinancing your mortgage. As the saying goes, “Marry the house and date the rate.” 

If you need guidance on effective buying and selling strategies in today’s market, please don’t hesitate to call or email me. I am here to provide you with expert advice and set you on the right path.