Depends on why you want to sell, all boats rise and fall with the tide, if demand picks up so does the interest rate and home prices and the outside forces impact affordability. For example, if you are going to purchase another home after selling this one and you intend to finance part of the transaction, the interest rate has a direct impact on the hard dollar cost of your next home. If that is the plan then doing it ASAP is very important. A one point jump in interest rate would be roughly a 25% increase in the amount of interest you pay. If rates snap back to normal then it will cost 100% more. Do the math, it isnâ€™t a tiny sum.
So, here is the dilemma, if demand goes up so does the cost of money which makes it harder for a buyer to qualify for a loan. So even though the buyer pool increases that doesnâ€™t necessarily mean the number of buyers qualified to purchase your home increases.
All of the info in my response is speculation, none of it is as important as your goal, what you are trying to accomplish determines which path is best. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.