I see the market taking a plung. I bought my house for 139000 and is selling it for 259000. it was worth 320000 about 8 months ago. Should I just cash out and take advantage of the market and buy a new home while its getting lower in value? or hold on to it hoping the value goes back up.
2007-09-22 04:24:46 · 4 answers · asked by Mastermine 1 in Business & Finance ➔ Renting & Real Estate
The good thing about real estate is the longer you hold it, the more valuable it becomes. If you want to take a quick profit then by all means sell it, but don't be mad in 5 years when you see it sell for $400k. Good luck
2007-09-22 04:30:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Its not all about the money, do you like your home? You will make a profit on it eventually no matter how much you sell it, so wait until the market goes back up if you are happy with it.
2007-09-22 11:32:35 · answer #2 · answered by JP 4 · 0⤊ 0⤋
I would hang on to it i mean eventually the market will go back up and things will get better ., everything you do makes the value go up and any improvements that is dollar signs. good luck to you .
2007-09-22 11:32:04 · answer #3 · answered by Kate T. 7 · 0⤊ 0⤋
sell if you want but don't be surprised when it sits on the market for a while. but if you sell this home, where will you live?
2007-09-22 11:36:55 · answer #4 · answered by Anonymous · 0⤊ 0⤋