Clermont News Leader

Follow Us On:

Rising Interest Rates: Perfect Storm for Home Sellers

Posted on Wednesday, February 8, 2017 at 1:08 am

front - nl - Brandie - News LeaderBrandie Mathison-Klein of Keller Williams Classic III Realty in Clermont is offering local homeowners a free home valuation. “With interest rates beginning to creep upward, buyer demand is increasing, and available inventory is gradually decreasing,” explains Brandie, a veteran of the local real estate market and leader of the MATHISON-KLEIN GROUP. “It’s truly a perfect storm for home sellers right now.”
A recent Orlando Sentinel report suggested that a reduced inventory at the end of 2016 has resulted in an increase in average prices, while the increase in interest rates has persuaded buyers who may have been on the fence to jump into the market and move quickly to make a purchase. “If you have been considering a move, upsizing or downsizing, now may be the time,” she adds.
However, Brandie cautions that our market could shift if interest rates continue rising. “Even though we have an abundance of buyers in the market today, a steady increase of interest rates could begin to deter some.” Brandie concludes, “It may or may not be in your best interest to sell right now, but information is golden. And I would be happy to sit down with you and evaluate your home and your options free of charge.”
Over the past decade, no other agent has sold more volume of residential real estate in Lake County than Brandie. She has a team of professionals on staff dedicated to giving her clients an edge in the process. Contact Brandie at (352) 432-3200 or visit www.BrandieSells.com