Times have been quite interesting lately, especially for people looking to buy and sell their homes in the current luxury real estate market. The Kristy Peixoto Team is here to talk about the secret behind rising interest rates that are still surprisingly lower than before. So please continue reading for our insider secret tips, and contact us today with any current real estate questions!
Rising Fall Quarter Interest Rates
According to The Internal Revenue Service, on August 15th, 2020, interest rates were announced to increase for the calendar quarter from October 1st and on. A six percent raise in overpayment and underpayment per year is seen to make its way with this change in interest rate.
Applying This to The Luxury Real Estate Market
Even though there is and will be a ripple effect throughout the country’s real estate markets, it’s important to use these changes to your advantage. Kristy Peixoto Team is here with a team of certified agents to help you sell your home in an ever-growing competitive market. Using the current market change, we can take advantage of pushing what people are looking for while ensuring that any buyer is getting a good deal.
Surfing the Waves
While higher interest rates tend to affect earnings and stock prices negatively, it’s essential to keep one head straight and realize that there is still a demanding market for luxury real estate to sell your home to. Stay diligent and contact our team of professionals to begin working with where luxury homes are looking their best on the current market.
Using Past Knowledge
The 2008 housing market crash prepared those that were open to learning the knowledge and strength to handle future fluctuations in the market and focus on where sales can still be made in the direst of financial situations. Check out our current market reports to learn exactly how our team of professional real estate agents is always ready to help sell a client’s home.
Selling your property in Castro Valley, Pleasanton or Livermore is still a highly valued opportunity despite rising interest rates. Contact us to sell with Kristy today, or view our property value estimator to paint a general picture of what your home may be worth today.
