Vanessa Riffelmacher

Follow this link for some very good information from the National Association of Reatlor's Chief Economist Dr. Yun, who recently spoke in Andover. I was present, and this link will bring you to his power point presentation, but in a pdf. If your a "stats" person, you'll find it very interesting. http://www.massnear.com/flyers/YunPresentation.pdf

My understanding of the things he said, is that the increase in values, will be small and slow over the next several months, and increase at a steadier pace next year. Again I can't predict the future - - nor can he but he is far greater experienced at such things and monitoring indicators.

Also, what I learned, is that if somone was trying to decide whether to sell now or next year, that he said now is better then than,,,,,in part because interest rates are at their lowest and therefore buyers will have more buying power now rather than later as interest rates are also projected to increase (he said possible to 8 % next year). So it is logical to try and find buyers now, rather than later. The money is out there for qualified buyers.

You aren't likely to see more than a 1 or 2% increase in value if you wait - - and balancing that out with how many months of mortgage you'll be paying (never mind condo fees and maintenance, etc), then dollar for dollar, it seems to make sense to look into contacting a Realtor now.

Be sure and use a Realtor as opposed to just a sales agent. Realtors have a far greater ability with exposing your home on the market and to far more buyers, to gain a greater price for your home.

Feel free to write or call if you have any further questions.

Vanessa Riffelmacher
Graduate of the Realtor Institute
REMAX Colonial
978-877-8087 - Wed Jun 25 2008, 12:08