I needs to sell a piece of property. Do you prices will pick up after the new year?
2006-11-09 13:44:27 · 16 answers · asked by kim 2 in Business & Finance ➔ Renting & Real Estate
most certainly will, but it might take some time...
may be 5....#
2006-11-09 13:45:29 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The market already has picked up. That being said, some of if it will pick up for you is the area you are located.
Rule of thumb right now is if you want to sell your house quickly, price it in the lower end of the price range.
Now is NOT the time to price at the high end. People and real estate agents won't see the value (even if it is the best house on the block)
By pricing it lower, you will get more interest and have a good chance of getting even more than your asking price.
Hope that helps.
2006-11-09 22:10:40 · answer #2 · answered by ga_rei_guy 3 · 0⤊ 0⤋
Your question really depends on where you are trying to sell the property.
For example the property market in the UK is booming, as it is in many other Countries whilst it is slumping in other Countries.
Practically, if you require an accurate answer you have to first indicate in which Country your property is located.
2006-11-09 21:49:21 · answer #3 · answered by froggy010101 4 · 0⤊ 0⤋
No, I think sales will slowly pick up in the spring but property value will stay depressed for a year or two.
2006-11-09 21:47:20 · answer #4 · answered by bethanybuilder 2 · 0⤊ 0⤋
They will pick up, in about 12 to 18 months, it will take that long for the market to absorb the slack.
2006-11-09 21:46:27 · answer #5 · answered by Dane 6 · 0⤊ 0⤋
It all depends on where the property is, and what the property is, and even if you told us that, no one actually would know.
I could probably make a guess in March, if you have time to wait.
2006-11-09 21:48:17 · answer #6 · answered by open4one 7 · 0⤊ 0⤋
2008 or after!
Reading the 'industry standard line' one would think the 'Hot' real estate markets of '05 are just 'returning to normal' or in a 'mild correction'. Truth, as far as San Diego CA is concerned is that in many areas the value drop is already into double digits!
For San Diego real estate, (and many other of the past super heated real estate cities)the major down turn will not occur until mid 2007. Better put on your seatbelts...it's going to be a big drop!
If you are considering investing in real estate or when to sell a
current real estate investment, this real estate blog should be a MUST READ!
Other real estate sites are also noted below:
http://www.brokerforyou.com/brokerforyou
http://www.downtown-san-diego-real-estate.com/san-diego-real-estate-article-index.htm
http://www.san-diego-for-sale-by-owner.com
http://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://downtown-san-diego-real-estate-views.blogspot.com
http://san-diego-coastal-real-estate.blogspot.com
http://sandiegofsbo.blogspot.com
http://www.brokerforyou.com/san-diego-real-estate-sales.html
http://downtown-san-diego-real-estate-views.blogspot.com
http://www.poway-real-estate.info
http://www.del-mar-real-estate.info
http://www.la-jolla-real-estate.info
http://www.los-angeles-real-estate-brokers.com
http://www.san-jose-real-estate-brokers.com
http://www.orange-county-real-estate-brokers.com
http://www.san-francisco-real-estate-brokers.com
http://www.sacramento-real-estate-broker.com
2006-11-11 09:24:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Yes, they historically pick up in the Spring.
2006-11-09 21:47:06 · answer #8 · answered by roxy 5 · 0⤊ 0⤋
Real estate prices are cyclical. If you can afford to wait it out, go for it...
2006-11-09 21:45:31 · answer #9 · answered by garfield 2 · 0⤊ 1⤋
yes
2006-11-09 21:46:08 · answer #10 · answered by Smilin' Fred 4 · 0⤊ 0⤋
What market are you in?
2006-11-10 07:13:10 · answer #11 · answered by Anonymous · 0⤊ 0⤋