So your question really should be: "Should I sell my home now, or list it now and prepare to market it on January 1?"
Certified Short Sale Professional
Coldwell Banker Brentwood West
11999 San Vicente Blvd. Suite 100
Los Angeles, CA 90049
Blogging at: http://TheBremnerGroup.com/blog
I would say to put your home on the market before the spring. They have extended the First Time Homebuyer's Tax Credit through April 30th and with the low interest rates, there are many people out there buying right now to take advantage of both of these incentives.
All the best,
Keller Williams Realty
Well, Spring and Summer are the best times to sell Residential Real Estate..but homes do sell other times as well. There is a strong interest in purchasing now, before the First time homebuyer credit ends in December.
Great question. Nobody knows exactly where the market will be in Spring, however with the tax credit expiring soon, low interest rates (I've had 2 of my clients lock in and close recently with under 5% interest rates for 30 year fixed) and the Echo Park area being highly desirable now could be a great time. I am not a big fan of listing your home towards the end of the year as this can be a slower time, however with the above mentioned factors and with the possibility of a large number of foreclosures hitting the market (from many foreclosure agents I know personally), now could be a good time for your particular situation.
I have told many of my clients not to sell their home this year and to lease or stay put if that made more sense for them and I am happy to extend you the same courtesy.
Keller Williams Realty
Dre # 01715002
In consultation with a Realtor,
1. Assess the overall market now.
2. Pinpoint the buyer for your property and assess their timing.
3. View the current competition.
4. Assess your property in comparison with the competition.
5. Assess your needs and timing.
6. Strategize a marketing plan.
If all of the factors above are in alignment, you should market your home now. While no one can ever predict the state of the real estate market or the larger economy, certain factors right now are in play that make it easy to predict what various sectors of the market will be doing in the next 18 months, simply because of the pressures being brought to bear on the market by REO's, short sales, and foreclosures.
I think I can help you answer this question for your unique situation, and would be happy to do so.
The Bremner Group at Coldwell Banker
Realtor for 33 Years
No one knows were the market is going to be at next year. Although, it seems that we still haven't bottomed out.
You can contact me through my Trulia profile. Give me a call or email me, that way I can gather some info and give you a price trend around your neighborhood.
Jes Sierra, B.Sc.