Can I ask you a few questions?
Why do you think you won't get a return on your investment in your home?
Why do you want to move?
Have you had an agent do a professional CMA, to compare the current value of your propety?
If you sell right now, how much of a loss are are willing to accept? Or, will you make money? Will you be getting a better value on your next purchase?
For you to answer any of these questions, consulting with a qualified real estate agent will be prudent in assisting in making your decision.
Let's say you decide to stay. Does your home really need improvements? Remodeling during times of high property inventory (Little Rock has approximately 9 months of inventory, depending on the neighborhood) is a good thing to do. If you just want to paint, tile and/or carpet, go ahead.
Keeping your home up is important to the future value of the property.
Now, what if you decide to sell now? Because buyers have so many choices in homes right now, your house might be on the market for awhile. Since there are so many properties listed, it is definately a buyer's market. If you really want to sell, be prepared for strong negotiating.
If you decide that you are willing to be patient and the numbers work to your benefit, listing in the spring is a great time. People with kiddo's want to buy and move during the summer.
The upside to all of this is it is a great time to buy, interest rates are low,and you will have a lot to choose from. And, because the market is down, chances are very good that any loss you might take on your current home, will be made up in your next property investment.
You should also know that the outlook for the Little Rock area economy is very good. Relocate America picks Little Rock as their number 6 choice, and Forbes magazine has Little Rock in it's top 25 best cities to live. The economy is stable because of the insurance, medical, state government, education and financial industries here. Job stability is very important to the housing market. Little Rock housing market is much more stable that many areas.
So Niki, whether you decide to keep your home and improve, or sell, you will do just fine. Is is all in th enumbers. Call me. I can help. 1-501-960-2788.
Why do you want to move? Amanda asked a good question. If you are happy, stay put - the real estate market is prone to surprises (it can appreciate and depreciate rapidly, depending on market conditions).
If you need to get out, find a good agent or two or three in the area. Invite them over and ask for an assessment - value and suggested repairs. Fix what you need to fix, not what you think you should fix - most repairs will not return a dollar-for-dollar investment. Some repairs will help sell a home more quickly, however.
DIRECT LINK home staging:
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
If you are considering wanting to move, I would get the a professional CMA to see what the value is of your present home. You might come out ahead to sell now and purchase another home since the interest rate are low. Please contact me at 501-786-3652 or e-mail me at Linda.Sanders@crye-leike.com for a free CMA.
I would be glad to assist you in your real estate needs.
Realtor, Crye-Leike Realtors