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Jim Wilkinson CRS, SRES
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With a background in banking and sales in New York, Jim moved to the northwest in 1978, at which time he began his real estate career in the Everett/ greater
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Jim Wilkinson CRS, SRES answered:
I have specialized in selling used homes in this area since 1978, and so I have seen the ups and downs of the various market cycles. There are two major considerations to ponder.
The first is that the Edmonds area, and particularly the Edmonds "Bowl" has always been a much sought-after location. There is a lot of money in this city and while we may be influenced by the regional market, we are not controlled by it.
It is true that you may not get the price that you may have gotten at the so-called peak. But there is probably a buyer for your home now if it is in good condition, staged properly and priced fairly.
The second thing that I would suggest is that you focus more on the big picture and what you want to accomplish. While I am certainly no expert on Florida real estate, it should be obvious to even the most casual observer that the prices there on certainly on the low side. If you wait to sell here, and get another $50,000 but end up paying another $100,000 for the Florida property a year or two from now, what have you gained? Another alternative, if you folks are able, may be to buy the Florida place now and rent it out (with a property manager- long distance rentals can be a big hassle). Then wait on the Edmonds property and hopefully sell it for a higher price next spring.
Personally, I'd consider making the move and doing the buy-sell now. At this point- you know what you have to work with- a year from now- who can tell?
The first is that the Edmonds area, and particularly the Edmonds "Bowl" has always been a much sought-after location. There is a lot of money in this city and while we may be influenced by the regional market, we are not controlled by it.
It is true that you may not get the price that you may have gotten at the so-called peak. But there is probably a buyer for your home now if it is in good condition, staged properly and priced fairly.
The second thing that I would suggest is that you focus more on the big picture and what you want to accomplish. While I am certainly no expert on Florida real estate, it should be obvious to even the most casual observer that the prices there on certainly on the low side. If you wait to sell here, and get another $50,000 but end up paying another $100,000 for the Florida property a year or two from now, what have you gained? Another alternative, if you folks are able, may be to buy the Florida place now and rent it out (with a property manager- long distance rentals can be a big hassle). Then wait on the Edmonds property and hopefully sell it for a higher price next spring.
Personally, I'd consider making the move and doing the buy-sell now. At this point- you know what you have to work with- a year from now- who can tell?
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