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Updated over 4 years ago,
Could low rates be bad?
How awesome are rates right now?! Right?! I feel like the common theme is “take advantage now.”
My thought though as I was eating a bowl of Captain Crunch this morning was...
If I bought another property today with plans to sell in the future. If rates went up. Would that hurt my house sale value? It seems like if rates were higher when I was trying the sell, the buyer would be having to pay more in interest. With higher interest wouldn’t that mean less money in my pocket for me on the actual sale of my home?
History would probably show my house would still appreciate. But would higher rates when selling cut into that appreciation amount?
No one knows the future. Unfortunate there’s no magic crystal balls. I was hoping to hear if this concept is correct. Or am I missing something and that wouldn’t be a thing?