Beebe,

A house will sell in any real estate market if the price fits the market for what it has to offer. If you are going to be buying another home in this market you also can get a great buy. If you are not going to buy another home, you may want to wait until the market improves, it could be up to 2-3 years before prices get back to where they were at. Another thing to consider is what are the benefits if you sell now, will it improve you financial situation? What will you do with the proceeds of the money of your home if there is some? Are you buying another home that would be downsizing and helping your finances? You have options and it is hard to fully answer your question without knowing your situation fully to be able to give you better advice and options.


Steve R Halvorson
425-754-3010

Beebe
Only sellers that need to sell should sell in this market. Please see the link below.

Only people that know the facts, their options, and their pros and cons should act.

See my post to your other question.

Realtors adhere to a code of ethics. That means, in laymen's terms, that we do not give advice in situations that we do not have "full knowledge".

That means that YOU need to talk with professionals in each geographic area in which you have questions.
It means that if you make a mistake, it could be very expensive. I personally have made those mistakes.

I do not want you to make a mistake.

I would be happy to refer you to some professionals that might be able to advise you. You can contact me through my Trulia profile if you wish.

Keith

Hello Beebe,

One thing to remember is that houses sell in all markets. I have been licensed since 1987 when interest rates were double digets and property still sold. It depends on your situation, do you have equity in the property? Do you have it rented at this time? Would it make your life better if you were able to sell it at this time? There are so many factors to consider when you sell a property.
If you would like to contact me I would be happy to give you a general idea as to what your property might sell for in todays market and then you can decide yourself if this is the best time to sell. If you decide to have a general market evaluation done by me please email me direct and give me the address and any additional information you might think I need to consider about the property. joycelowe@coldwellbanker.com I wish you the best whatever you decide to do.

Sincerely,
Joyce Lowe ABR,CRS,GRI,CNS

Hi Beebe,
You have some great advice to consider already from your other responses,the future as Meredith says is not easy to see with the economy or real estate, one thing to consider is Mukilteo home prices will probably take 3-5 years to gain back what has been lost over the last couple of years so waiting for the prices to go up before you sell could take years.The good news is Mukilteo is a very desirable place to live with great schools & quality of life, so nice well priced homes generally do well here.Interview agents that are currently selling homes in this market and have the results to get an accurate market awareness of what homes are truly selling for if you decide to sell.

Best Regards,
Michael West
Mukilteo

Beebe,

No one has a crystal ball to predict the future of the economy - the best thing you can do is get a local real estate agent to give you a market analysis. Then sharpen your pencil and do some calculating. Take into account your "carrying costs" - your monthly expenses - if you keep the house; take into account the real possibility that when the market "comes back" it might only be one or two percent and it may not even be that much for a few years. Is it worth keeping the house and paying for maintenance, interest, taxes, etc. if you are only going to make a few thousand dollars more? Or - can you afford to gamble that the market will rebound in a major way in the near future?

Look at the numbers carefully and make your decision based on your financial needs.

Good luck!

Beebe,
Depending on what style, size, condition, price point and where your home specifically is located can have a huge impact on the saleability of your home. If selling your home makes you and your families life easier, than it would probably be a good idea to sit down and talk with a realtor face to face so that you can make a more informed decision on putting it up for sale or waiting.

John Bischoff