Is now the time to sell?
2006-08-25 07:32:17 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
sell if you can. there is a big popping sound that a lot of people are not wanting to hear.
check out this web site, it explains it well.
http://www.breakingbubble.com/index.htm
2006-08-25 20:25:23 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Hmmmm, depends on a lot of things. Where you live has a great deal to do with what you can get for your house. The more houses like yours that are on the market, the harder it will be to sell yours. Had you been planning on selling anyway? How long have you owned the house? If just for a short time, you might actually lose money by selling it now, as you may have to take a good hit in the asking price to move it. Also, in many markets, a realtor's fee is 6-7%, and that comes out of your final price. The market will come back eventually. It might be a good idea to wait a while
2006-08-25 14:42:52 · answer #2 · answered by Capn Jon 3 · 0⤊ 1⤋
I would hold off until maket conditions stabilize unless there is a reason you need to move.
In 12-18 months the market will level off and you will be able to see exactly what you can get for it. Truth is that for the past 3 years we have been through a real estate boom, with most markets being over-valued. Once the market corrects itself, then the prices will come down closer to what they should have been with a more realistic/conservative appreciation.
2006-08-25 14:37:33 · answer #3 · answered by boston857 5 · 0⤊ 1⤋