How Do Rising Interest Rates Affect Sellers

Not only are some homeowners on the fence about selling their homes, capturing their equity, and finding their next home, but they must also contend with rising interest rates. A professional can help you weigh your options and offer a sounding board to determine when you want to enter the market.

Sellers must consider rising interest rates if they buy and how interest rates affect home sales. After rates fell over the winter, they are creeping back up. The only thing constant right now is change. What can you do to help buyers that can make the sale for you? With your home's equity, you likely have room to offer a seller concession as part of the deal. The buyer can use the funds to buy down their interest rate. You're not giving away your equity. In this market, a win-win is an excellent strategy.

Let's face it homeowners sell for various reasons. You may want to sell your home due to a job, take the opportunity to move up to a larger home or a community with more amenities, or even downsize. Maybe you have parents that want to move to a smaller home or even look into an Active 55+ community with planned events and activities or assisted living, and you're helping them decide.

Are you on the fence about selling? I'm offering homeowners more than a comparative market analysis. I'm offering an equity review of your home. There are many things to consider as a homeowner as your equity grows. Whether you want to sell or stay put, you need a real estate advisor. For more information, text equity to 713-562-7737 or email kelley@soldbyjax.com.

Kelley Jacquinot, the Broker/Owner of JAX Realty Texas, specializes in first-time sellers, downsizing, and sellers dealing with challenging, life-changing moves. We offer contractor services as part of our listing program. Please feel free to contact us at kelley@soldbyjax.com or 713-562-7737.

Our mission at JAX Realty is to help people buy and sell real estate with integrity and transparency while delivering a real estate experience worth repeating because we use systems and processes to advocate for our clients.