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Fort Wayne Realtor's Blog

A Blog About The Fort Wayne Real Estate Market.

By Amanda and Jared Christiansen | Agent in Fort Wayne, IN

I am going to wait for the market to turn before I sell my home!!!

How many times have you heard this recently?  “I am going to wait for the market to turn before I sell my house!!”  I’ll tell you that I have heard it a few times lately…

At first I wasn’t sure exactly how to respond.  “Well, I understand what your saying, the market is a little soft now, and yes, your home probably would have sold for a little more a few years ago.  Oh, and yes, you will probably be able to get a little more for it in a few years when prices go up again, so um, yeah, maybe your right”.  I caught myself saying that to one potential client.

Then I had it explained to me pretty clearly.  My colleage showed me another way to look at it:  If your house here in Fort Wayne would have sold for $150,000 a few years ago, and today it may sell for what…  $138-142,000?  That looks bad.  Let’s look at the other side.

Your new dream home would have sold for $200,000 a few years ago right?  What do you think you can get it for now?  $185,000?  Maybe a little less, maybe a little more, but definitely lower than that $200,000.  So where do you lose as  a homeseller in todays’ market?  You don’t, it evens out when you buy.

Luckily the Fort Wayne real estate market hasn’t felt a sharp decline in market values because our home prices never got too inflated like a lot of other places.  I would love to hear some of your thoughts on how you explain to sellers that it is a good time to sell.

Comments

By Lesley Denney,  Fri Jan 30 2009, 06:52
Good Morning,

Thank you for the information! I am going to utilize this at my next Listing Presntation! The market In TN has not dropped that much, in fact homes are holding there value pretty well, just not climbing! Here in Memphis we see LOTS of Foreclosures, so the buyers have a wide variety of homes to choose from. Thank you again for the tip, I will let you know if this works.
By Amanda and Jared Christiansen,  Sat Jan 31 2009, 11:02
Thanks Lesley!
By David & Samuel Rifkin,  Tue Apr 2 2013, 14:14
Thank you for this great information.

Samuel Rifkin
The Rifkin Team

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