What does this mean…
Well…let’s think like a bank today. What happens to the market when rates spike… it creates a sense of urgency to buy before the deals are gone and prices go up!
When rates go up; who earns more interest on these new loans?… The answer is the banks do! So why are they waiting to release the remaining REO properties in their portfolio? No one wants to sign off on a loss and admit they wrote a bad loan. The banks are waiting for rates to go higher and to create that sense of urgency to buy. This urgency causes sale prices to gradually spike as more and more people purchase these deals. Once the prices balance out, and we start to see a small light of a returning market, the banks will release the rest of their REO’s in order to minimize their potential loss. Higher sales prices = less of a loss, and higher rates = more interest earned.
All of the potential listing clients out there that want to sell this year, but plan to wait a little longer, are going to lose out. Once the banks see a better light, they will seize the opportunity to release the REO’s. Now your home must compete with a home the same size, same number of bedrooms and baths as yours, at a discounted price. So doesn’t it make sense to sell right now!
LIST that home TODAY, LISTEN TO YOUR AGENTS SUGGESTIONS and SELL FAST or get prepared to get COMFORTABLE where you are!
I never knew about this blog before. That's interesting Thanks for sharing this article.That's very helpful and interesting.
Reply to this
I would like to thank you for writing this post. I am hoping the same best work from you in the future as well.
Reply to this
Great information and you made some good points in the post.
Reply to this
First of all, I would like to appreciate the choice of theme that you have chosen for your blog, it looks perfectly wonderful. Now, coming on today's post I must say that you have explained the subject in a concise manner that makes it easily understandable. Thanks for this information.
Reply to this
Hi, The topic that you have discussed in the post is really amazing, I think now I have a strong hold over the topic after going through the post. I will surely come back for more information.
Reply to this
Hi, The topic that you have discussed in the post is really amazing, I think now I have a strong hold over the topic after going through the post. I will surely come back for more information.
Reply to this
While going through this post I felt that you have done a lot of research on the topic, I appreciate your efforts and glad that I found your blog. Keep posting such informative content.
Reply to this
While going through this post I felt that you have done a lot of research on the topic, I appreciate your efforts and glad that I found your blog. Keep posting such informative content.
Reply to this
Now a days it is 11.5% interest for any amount. I just heard it 2 weeks before it is really hard for people who take loan.
Reply to this
Appreciated info, its good to know..
Reply to this