Home Selling in Tarzana>Question Details

Faye, Both Buyer and Seller in Tarzana, CA

how do u see the future of real estate? i was thinking of selling my house, is this the right thing to do at this time or should i wait?

Asked by Faye, Tarzana, CA Thu May 6, 2010

Help the community by answering this question:


Dear Faye,
If you have owned your home for ten years or more,you will likely be able to sell it and do allright. For property owners who purchased five years ago or less, it might not be possible to break even on their homes. If you need to sell, the best advice I can give you is to contact a reputable brokerage and speak to a Realtor about your proerty. You should have a CMA done to determine the value of your property and base your decision on that.
0 votes Thank Flag Link Wed May 12, 2010
Hi Fay,
Why do you need to sell your home ? is this an investment property?or is it your owner occupied home?It makes a difference as what it is !If investment property with equity to pull out from it to buy another property at
low price,it makes sense .but if you need to get a like, a larger home,you will be selling low and will buy low ,too!
It is all about the scenario to see what is best to do ;the real estate will definitely go up ,depending what your
goals are;I would need to hear that for best answer.
0 votes Thank Flag Link Wed May 12, 2010
Hello Faye,

If you are going to sell with equity in this market, it's a good time to sell if you plan to buy. Interests rates are low and there are a lot of buyers out there looking for regular sales. If you don't plan on buying my hunch is that prices will increase but so will interest rates. It's a catch 20/20. Sell lower now but be able to afford more. Sell later at pay more and also more for the money you borrow.

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900
0 votes Thank Flag Link Fri May 7, 2010
Unfortunately, none of us knows with certainty where the market will be tomorrow--if you need to sell, why wait--a decision only you can make based on your finances, wants, needs and lifestyle.
0 votes Thank Flag Link Fri May 7, 2010
Dear Fay,
Selling your home it should be only your decition. In this market you must have a good resean to sell!!!Unless you have a equity on your home and we can use it as a leverage to buy somethingelse.....
We must Anyalise this and the best is call and have a quick evaluation.
Thank you,
Simin Fahim
Keller Williams Realty-BH
0 votes Thank Flag Link Fri May 7, 2010
If you are thinking about it , you must have a reason for it. IF the reason is more compelling that the market situation, go ahead and sell it no matter what.
IF you are not pressed by any reason, the best thing is to do a market analysis of your area and your home and see what the trend is like. AN analysis with accurate data will provide the key to your question. We have very specialized tools to do that, that's our business, but if you ask, we will share the information with you.

Now since you are both a buyer and seller, you should buy low and sell high, right? Imagine you home is point A on a slope and your next purchase point B on the same line. So you should first buy one home and then later sell the home you have. This way , you will buy a the bottom of the slope and sell when it's higher.

When in doubt, ask a real estate specialist to help you make the right choice, that's what we are here for.
You can call at 323 363 91 40

Web Reference: http://www.muriellevin.com
0 votes Thank Flag Link Fri May 7, 2010

There is no one answer. Selling your home depends on what your needs are. If you need money now, or in the short term, and you have equity in your home, you may want to sell, because a market recovery is not around the corner. If you have equity, and you simply want to releverage it, because the market is depressed, this may be an ideal time to convert your home into a bigger or smaller home, or into multiple investment properties. If you would like to contact me, I would be hapy to discuss your situation with you, and offer you a personalized solution.


Richard Schulman
#1 Listing and Selling Agent
Tarzana Resident
Keller Williams Realty
0 votes Thank Flag Link Thu May 6, 2010
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