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It is definitely a seller's market but that does not mean you should sell. Most Realtors will tell you, you should but if you want honest answers give me a call.
On the real estate side, we are (and have been for the past ~18 months) in an appreciating market in the SCV. There are no signs that this will change in the near future. Having said that, like the phrase goes: "A bird in the hand is worth two in the bush."
Which points us back to your personal reasons, risk tolerance, etc. Feel free to contact me if you'd like to discuss further.
The decision to sell a home always boils down to your motivation. A personal life event like an employment change or a new addition to the family could create a strong motivation to move now. If your personal motivation to move is less strong, then the potential sales price of your home would be the strongest motivation.
There is no question that prices are currently rising, and that is a direct result of a lack of inventory, and pent up buyer demand. The demand is high because buyer's are trying to take advantage of historically low interest rates. If the economy improves enough that the FED decides to start raising interest rates, the buyer pool will start to decrease based on the level of rate increase. This will have a direct effect on the number of buyers going after your home, and therefore the price they are willing to pay.
Based on the above reasoning, your decision to sell is based on your level of risk tolerance. No one can reasonably predict the continued rise in the market or how long it will last. However, the realtor you choose can help you manage that risk if they are tuned in to changes in the market.
My opinion is that a large percentage of market activity happens during the warmer months of the year. With high demand, very low interest rates and a continued low inventory the prices will continue to rise in Santa Clarita until one of these market factors change. Also, it is taking a little time for appraisal values to catch up with the outlandish offers that buyers are making.
Based on the above information, I suggest that you wait until later in the spring or the early summer to list your home to maximize all of these factors. Whether you wait longer depends on that risk tolerance, as a certain percentage of the buyers will fall off as we get into the fall and winter months.
I hope this information is helpful and am happy to discuss your feedback or comments at a mutually convenient time.
Thanks and have a great day!
Tony Lewis * RE/MAX of Valencia Cell - 661-510-7945
Mitchell Lubinsky, 310-266-9194, email@example.com
Now is a really good time to sell. I can't however say what tomorrow will bring.
Whatever you decide, best of luck.
Now is a great time to consider all of your options especially with extremely low inventories, homeowners are are netting top dollar for their homes. My last listing in Stevenson Ranch was sold before I listed it, my sellers sold for top dollar! You asked about timing the sale of your home, there are important questions that need to be asked that will help me answer your questions. I would like the opportunity to sit down with you, formulate a plan, earn your business.
Jennifer Ricco Re/Max of Santa Clarita
Right now is a wonderful time to put your home on the market. Most homes are selling with multiple offers above list price. There are many buyers looking and not enough homes on the market. I would love the opportunity to provide you with a detailed assessment of your homes current value.