Should I Wait To Sell My House?
I guess the answer to that question (Should I wait to sell my house) depends on your current situation. Here are some of the questions that you should be asking yourself:
- How much is my home worth today?
- How much will my home be worth in 6 months?
- How much do I owe on my home?
- Is my rate getting ready to adjust? up or down?
- If I did sell, where would I go?
- How soon would I like to be in a different home?
- If I owe more than my home is worth, do I have extra money to come to the closing table with?
I would say that the answer to the question would be a FLAT OUT "NO" would be if you really want to move, and:
- Have a great job?
- Not having any problems making your mortgage?
- You owe more on your home than it is worth and you do not have the extra money to bring to closing?
- You are not planning on moving out of town?
- You will not HAVE to move any time with in the next 10 years?
If you can not answer yes to every one of the above questions, then maybe you need to think about speaking with a real estate professional.
Right now is a great time to sell, especially if you are not a short sale. There are so many short sales and bank owned properties on the market and the buyers have to wait forever to find out if their offer was accepted. In most cases the short sale and REO homes need a lot of work.
Contrary to what many people will say (experts) our market here is not getting any better. If you, as a home owner, are thinking that you will wait until April to put your home on the market, you should really think again. I mean, REALLY think that over again!
Look what could change over the next 6 months in our market and across the country:
- Interest rate increase
- 15% un-employment
- tax increases
- double digit inflation
- stock market crash
- any number of BAD things
So, if you could sell your home today, for a price that is fair-in today's market, buy something else and Get A Great Deal On It - - WHAT ARE YOU WAITING FOR? www.sellmydelawarehome.com
There are plenty of first time home buyers who want to take advantage of the tax credit and the time is running out. With so many short sales, it is a virtual crap shoot on being able to close by the November 30, 2009 deadline.
If you home is not a short sale and you have been thinking about making a move, NOW IS THE TIME!! I Kid You Not!! www.sellmydelawarehome.com
I have attached two links to articles that I found very interesting.
"4 Signs Your Home Is About to Lose Value"
"No Quick Recovery for Home Prices"
Of course, I do not have a crystal ball. I have spent many hours studying our current market and as a real estate professional I feel that I should be well learned in our market.
THE ANSWER TO YOUR QUESTION: YES YOU SHOULD GET YOUR HOUSE ON THE MARKET-RIGHT NOW! www.sellmydelwarehome.com
