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Corcoran told Entrepreneuryou need to ask yourself this questionbefore selling your home.
Do I See Myself Here for the Rest of My Life?
One of the biggest obstacles to todays housing market is low supply.
Many homeowners have incredibly low interest rates.
Sixty percent of the sellers who own homes in America have rates under 3%, Corcoran told Entrepreneur.
However, waiting for lower rates may end up costing you more.
Why Sell Your Home If You Have To Buy at a Higher Rate?
Corcoran noted that rates are likely to drop over the coming year even going into the 5% range.
So why consider selling your home if you would have to buy at a higher rate?
Undoubtedly, purchasing a property at a higher rate is not ideal.
As indicated above, a rate decrease could bring more buyers to the market, potentially raising home prices.
Next, you will want to think about whether you are hoping to downsize.
Waiting to sell until the right time may end up costing you more than you think.
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