Hope you're enjoying your Sunday. It would be wise to put your house on the market as soon as possible for a few reasons...
First Time Home Buyers' Credit of $8,000 has been extended until April 2010 and also includes a $6,500 credit to people who have already previously owned their home for several years and are looking to move to another home. This will surely inspire more people to make the move now !
It appears that prices are continuing to decline somewhat, so if you definitely want to sell, sooner would be better than later.
Interest rates are still quite low and no one really knows whether or not that will change...and if interest rates climb higher, that eliminates more prospective purchasers from the buying pool, because at the end of the day, what matters is how much of a monthly payment a buyer can afford....whether it is a higher purchase with a lower interest rate, OR worse case for you, a LOWER purchase price because of a higher interest rate.
Homes, particularly those that are decorated nicely for the Holidays, look warm and inviting and people really do enjoy the experience of looking for/at their next home very much.
Of course, your decision should also be based on what plans you have for yourself, in the event your home sells sooner than you may have anticipated.
Hope this helps and if I can be of further assistance, please do not hesitate to contact me....either via telephone or email.
RE/MAX Villa Realtors