You have had several responses to your question, so you may not be looking for more. I will give you my two cents anyway. You may have rented your house by now.
I am in the Fremont area and I can certainly see that the market is picking up in most areas of Fremont unlike Hayward, Newark and Union City which are still very slow in comparision.
One of my listings in Fremont in the Cabrillo area sold at the first open house within 6 days of being listed with two offers. It was priced at market value. As a matter of fact there were two houses listed on the same street that were priced below my listing.
It is important that you agent price the home correctly, not necessarily the lowest in the area, but looks at the sold homes in the last 2-3 months and of course, the condition and upgrades in the property and prices it accordingly.
You also need to see who can give you good web presence since internet exposure is more important now than ever before.
And last but not the least, make sure the house is in the best condition possible so buyers will without a doubt want to buy your home when compared to all the homes on the market.
We do not know how the market is going to be in the future, and we do not want to rush you into selling by saying now is the best time to sell. All I can say is that things are starting to happen in Fremont and if you are also thinking of buying a house, it may be good for you on that end since you will be able to negotiate a good price there depending on where you are moving to.
I had sellers last year who told me they wanted a certain price for their home in 2007 which was higher than what I had advised or they would wait till 2008 to sell since they felt they were not getting enough. Well, guess what?Their home lost further in value and now I am negotiating a short sale with the bank or it will go into foreclosure.
The conforming rate as well as the Feds rate cuts should help in the market picking up. It is just a matter of time.
If you have any questions or need my help, please contact me.
Help-U-Sell Achievers Realty
There are a lot of way you can sell your home now and get good market value. You should always be concerned when someone pushed you. This is not the place for a hard closer. You are not in this to make his quick commission. You should pick representation by someone who thinks more of you than a quick buck. Having investment property is a great idea. If you buy a place were you are going and hold on to this one the value will go back up, its just when will it happen. You get better leverage with your money, good tax write offs. How long will you be staying in your new place? Is it temporary? If you buy a smaill place there you can rent it if you come back. You have options, you are in the drivers seat.
Never listen to scare tactics. JoAnna Jensen
Thanks for quick the responses. I really appreciate all the suggestions and tips. I talked to a few realtors and it seems like the prices have dropped by about $50-80k since mid 2007, and homes are staying longer on the market. Wow!!! I dunno how much of that is true, what do you experts think?
Oh btw i also talked to one area expert realtor and he tried to "push" me very hard to sell now. He also tried to lowball the price, i am guessing he might have a potential buyer client. I guess i will have to follow Andria and Paul's suggestions about not selling my home and maybe rent it out for another year since i need to move out of the area.
Assistant to Sophie Aretta
However, when the confirming loan limits are increased, market should bounce bank in my opinion for certain areas of Fremont. Things are starting to look better and multiple offers and over bidding trends are already starting. This could be surprising for many to hear. Parkmont should return to its normal soon and we should see a dynamic trend. Should you need further help, always ping me.
I am not from your area, but I am in California. I think from what I have heard your market is probably a buyers market. You should contact a local Realtor that can help you make this inportant decision. The conforming limit being raised could help a new buyer if your home is worth more than $500,000. This would allow them to buy with a conforming loan, a better interest rate than a jumbo loan would be. Click on the link below to see an agents profile from your area. Give Mary Ann Morrara call.