Both buyers and sellers acknowledge things can change quickly, via manipulation of the central bank's policies, resulting in artificially low interest rates, suspect low inflation, and uncertain national, state, and local budgetary considerations, which weigh heavily on the long term psychology of the market, and stability of the confidence level of the public.
As to what happens next, the public is still very cautious of the recent pass, but they are buying properties priced right, for now.
Let me know if I can be of further assistance.
Ciano Real Estate
Now is a great time to sell. Next year the prices of homes may be higher but the interest rates may be too and therefore fewer buyers. Our office is located in Pismo Beach and I would be happy to sit down discuss your options. I know choosing an agent to sell your home can be difficult so choose wisely and if from this site - read the profiles and look at the recommendations. Give me a call if you have additional questions or to set up an appointment.
Kelly Sans, RealtorÂ®
Century 21 Hometown Realty
1160 Price Street
Pismo Beach, CA 93449
DRE Lic# 01239944
Real estate has more variables compared to stocks in that the value of the property is determined by several factors: condition, interior size, lot size, view and most importantly location. However, a real estate professional should be able to give you an idea of the value in order to make an educated decision on how much cash you will have in the bank when the real estate sells.
If your home has a significant amount of equity, you will be able to make a significant profit. How much profit would your decision.
In regards to the actual real estate market on the Central Coast today, due to the phenomena of having a reduced inventory in several price points, if your home is priced near market value, it should sell in a short time, with multiple offers. However, if you price the property significantly higher than market value you may be waiting a long time before you receive an offer.
If you want to wait until 2014, you should also consider that interest rates will probably be higher in a year, which can reduce the value of your home.
If you have the equity in your home and you want to sell your home, there may never be a similar opportunity in the future to sell a home as quick as you can today, due to the low inventory phenomena.
You can go to my web site to view homes in Pismo Beach that are similar your home to see what they are listed for. http://www.dnorwood.com/PISMO.aspx - Or, with my appraisal experience, I would be happy to let you know the value of your home so you can decide if there is enough profit in your home to sell.
Additionally, if you would like a list of homes that have recently sold in Pismo Beach and or your neighborhood, please give me a call at 805-471-0828 or email me at David@DNorwood.com
David Norwood- Central Coast Real Estate
I don't know about 2014. The housing market is a symptom and signal of a number of economic and fiscal factors.
What I know is that now is the best time to sell in the past 7 or 8 years.
Best of luck in whatever you choose.