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Posted on March 6, 2018 - 01:40 PM
by Lou Kaufmann
The real estate market in Bella Vista has been active and sales have been uplifting. The one problem we currently have is a lack of homes to sell. Many sellers are holding off putting their home on the market, thinking they will get more if they wait and even if they are either moving up or downsizing, interest rates will be lower.
The truth is, the best time to sell is Right Now because interest rates are going up and every time they do, a whole lot of potential buyers are eliminated from the home buyers process. If you are looking to buy, the same thing, interest rates are going up and they won't be coming down. Statistically, over the last twenty years, the interest rate has been 6 1/2 % and we will get there again, so NOW is the time to Sell or Buy.