It seems to me that the Fort Hood is the largest player in the economic indicators for Killeen TX. Yes, we are just agents, we are human, but for crying out loud, can't we use our brains and give you some predictions with supporting documentation...UGH....it seems agents are just giving you a blanketed answer hoping you will call them to Get the standard CMA to give you a Picture of today what your property value is, but you know that, $83K. You want some insight as to where the market is going. If Fort Hood is the major economic indicator in town next to a bedroom city for Austin, then look at what the Fort is doing? Are they growing? Are they brining in new research labs, or a biochemical research, or are they just training more men and women to fuel our current wars, which seem not to be going away so the need for more recruits would suggest that the Fort will be increasing demand to live in the area. Also, there are cycles for everything. In my market the height of the market is winter time, when everyone is "flying" south to hide from the cold. It would think your market is similar or your peak might be late spring early summer. Knowing that simple fact would let you know if now is the right or wrong time to list. Trust me, you don't want to be the house that has been on the market for 6 months, you become the redheaded stepchild, that you no one wants to touch with a ten foot cattle prod. Unless sellers and buyers demand more expertise from agents, we will be stuck with the nonsense answersâ€¦I digress.
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If you plan to move out of the state next year, list the property for sale.
You can get a "feel" for the market now; and if your Realtor feels that in 6 months the market is or is going to change, than you can change the price accordingly.
Regards, Jay Parham
Real Estate Broker
That is a difficult question to answer not knowing all about your circumstances. Are you currently coming out of pocket to pay the rent? If the home is cash flowing or close to cash flowing it probably makes sense to hold on if possible to see if home process rebound in the months and years ahead.
Can you afford to write a check to sell the home and if not are you prepared to damage your credit by going the short sale process? Maybe you put enough money down to still be able to sell and not have to write a big check at the closing table.
I think if you can hold on to the property for a couple of years you may very well come out ahead. Again, without additional information on your circumstances it is difficult to give any specific advice to you.
REALTOR | Mortgage Broker
Keller Williams Realty | 360 Lending Group
If you bought for cash flow and it is still cash flowing...why sell?
Just because the value has gone up or down to me does not mean you should sell.
Just becasue you move away does not mean you should sell.
Lots of people own rental property in different places.
I would like to know more about the reasons you are considering selling?