However, the current market is still very much a Buyers market and if you think as a Seller that you will get an inflated sales price of your home right now it simply isnt the case. The buyers in todays market are looking for the best deals and they have so much inventory to choose from. Pricing is everything right now and the motivating factor in why homes are selling. If you are looking to sell and are also going to be buying another home you can sometimes justify the loss you will take on the sale of your home when you consider the deal you will get on the home you will be purchasing. But if its not imperative that you move and sell now I would stay put. Don't put off repairs and maintenance of your current home keep up the interior and exterior and get a jump on reading your home for sale when the market conditions are better. I would suggest you get a CMA done now on your home (current market analysis) and have the agent give you a Seller Net Distribution with it and compare it on a quarterly basis you will see the trend of either a decrease or increase and can choose the appropriate time to list from there.
I hope this has helped you some. If you have any further questions don't hesitate to call me anytime!
Kimberly McCampbell, Realtor CMS PS
"The McCampbell Team"
Real Living Houston Home Sales
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Mitch LeJeune, ABR, GRI
They hire and layoff at the same time.
They say the investment in this facility or that project is X.
We're made to believe it is X today when it may never be X or it will be X over 10years and includes tax cuts, givebacks, and whatever else they can through at it.
Plus there are so many other moving factors in the market.
I don't think you should wait on an Exxon factor.....interest rates may go up and that could mean less buyers...or same amount of buyers but at a lower price point. Just a small shift in interest rates can mean a huge hike in monthly payment and that also hurts you on the flip side.
Renting in hopes that prices go up is probably not a good strategy either. You'll likely have costs on the flip when the renter leaves and you need to put the home in show ready condition.
Probably not what you want to hear, but probably a good idea to do your best now....hope you give the next seller a bigger haircut and hope you do better with the next one..if you are cutting it thin on this one. That's just the reality often of today's market.