Interest Rates are Expected to Rise: Is It Time For You To List?
B.C.’s Okanagan is a hot Canadian real estate market. Thinking of selling? It’s important to consider upcoming interest rate effects when you think about the right time to put your property on the market.
Scarlett Barber, an award-winning agent with RE/MAX in the Okanagan should be your go-to source for in-depth analysis on B.C. real estate. Scarlett was recently chosen by the industry rating system, Rank My Agent, as among the Top 10 Agents in Canada. In April 2022, she was a recipient of the RE/MAX Hall of Fame Award. She understands this spring’s 2022 real estate conditions well and will work hard to ensure you will be another one of her happy and successful clientele.
“Interest rates are looking to rise. There’s a short window now for sellers to attract buyers who are already pre-approved for a mortgage. Buyers are highly motivated to lock in their mortgage at a lower rate by closing,” Barber explained. “If you’ve thought about listing, you might be aware that your property’s value is at an all-time high. You may have waited to gauge the market, but now’s the time to make a move and catch the eagerness of buyers before these higher rates take effect.”
Whether you have an investment property you can cash out to use for added income, a place that is too big for your retirement years, or you need more room for family or work space, the market is ripe for a quick sale at top prices for the next couple of months. Both millennials and retirees are looking to relocate outside the Lower Mainland and the Okanagan Valley is a first-choice location. Read Scarlett’s Home Sellers Guide here.
Pre-approved buyers want to lock in, and Scarlett can find the right buyer for you. Selling your property could help you with the next stage in your life.
Think ahead. Where do you want to be? Closer to your family or work? In a quieter area with that small-town feel you remember? Maybe you need less yard, or closer proximity to stores for pleasant daily walks.
Reach out to Scarlett Barber today to discuss your property plans. There are buyers waiting to commit quickly and you can maximize your benefit through wise planning at the top of a hot market, today.
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