BEST ANSWER
FIRST ANSWER
You say " I want to sell", my opinion is that it's all relative. If you hold now (in hopes that prices rise) to buy later, your new property would cost more as well. It depends on why you want to sell and where you plan on going. If you don't have much of a mortgage and can calculate some gains, you're ahead of the game.
Certain neighborhoods have change dramatically in price. When I was first buying (before becoming an agent) Forest Hills was out of my price range so I moved to Jackson Hieghts to get more space for my money and closer to Manhattan. Now, I can sell in JH and buy in Forest Hills for less! (I'm speaking of coops only) Go figure.
Thu Jun 19 2008, 20:12