While Many Worry About What Happens Next, Some Are Seizing An Opportunity
Posted August 29, 2022 in Real Estate Trends
Mortgage rates are volatile, at least compared to the relative stability of the last few years. Keep in touch with your mortgage professional if you want to know the current rates—they change every day and even several times a day.
The effect of this volatility is fear on the part of homebuyers: fear that they are going to borrow at too high an interest rate, or buy just before prices drop. The result: inaction; an “I’ll just sit back and watch” attitude.
While one cannot fault anyone for watching carefully, others see this moment as an opportunity to buy real estate with confidence while other, nervous buyers hold back, or to sell real estate before the Fed raises interest rates further.
It points out the need, more than during the 12-year period of rising prices and predictable returns that has just ended, to consult with knowledgeable and professional Realtors and lenders, to get the best information to help you decide whether to buy or sell.
At Clark County Title, we are blessed to work with the best Realtors and lenders in our County. Whether you call us first or call your Realtor or mortgage lender, we’ll be part of your team to help you accomplish your real estate goals. Whether your transaction is easy or hard, we would be grateful to work with you and your advisors to get it closed. We offer the best blend of local title company service backed by the strength of national insurance companies, and combine today’s tech solutions with warm, personal service.
With each passing week, the effects of inflation and interest rates are becoming better known and, maybe, more predictable. It will be up to each person, then, to decide if it’s time to make a move—to sit and watch, or to seize an opportunity. Next time you are buying or selling real estate, call or email! Clark County Title wants to be part of your real estate plan!
Enjoy these waning days of summer–from your friends at Clark County Title,