TheRealOBX's Blog: Real Estate

     Many home owners that are on the fence about selling their home due to market conditions may want to reconsider.  Now may be just the time to correctly price your home to sell.  The main determining factor to many home owners on whether to buy or sell has to be interest rates.  For those with ARM's that are readjusting now would be the best time to plan an exit strategy.

     The Federal Reserve as reported in Reuters is looking to keep interest rates steady for the next three meetings before looking at a possible rate increase.  Rate increases adversely affect both buyers and sellers.  Sellers especially those faced with adjustable rate mortgages that are going to readjust can face hundreds if not thousands more in monthly payments.  For buyers it…