I agree with Dot Chance. You need to look around and study the market in order to know where the status is. If you are not in a need to sell then don't. As for the future market turn we don't have a crystal ball to tell you what is really going to happen but I do believe that after the Presidential election pass over we will see more of the brighter side of the real estate market. Most of the listings now in most of states and not in California only are competing with short sales and bank owned listings. It makes harder to sell without severe reduction in price. Properties in Liberty Common were hot buys two years ago. That's why I asked you more detailed information so I can tell you which way to make a move. I hope you think twice before decide to take your action.
I think the question I would ask you is why are you selling?
If the answer is the buy another home, where? In the same area? From your answer it sounds as though that might be your plan.
If that were the case, then I would sit down with you and run some scenarios:
1. If you are buying in the same area, then you may "lose" when you sell your home, but will more than make it up when you buy your larger home (larger homes will discount the same percentage wise, however the dollars will increase.
Your home may sell for 10% less, 10% of $200,000 is $20,000. If the larger home is $350,000, and you can buy it for 10% less, that's $35,000 less, so you'd be $15,000 ahead.
If there is a different scenario re-post if you like.
Thank you for your question. There are several factors that I need to ask you before I can answer to your question. I need to know the year when you acquire the property , the existing loan amount, the reason why do you want to sell. Send me an email so I can do all the calculations for you then I can give you the right answer. You can either send your information and request on my website or send me an email so I can help you.
The mortgage rates are still very low, so you can make a better choice on buying a home when the competition will not be so demanding like last year and the year before.
Detached homes tend to be a better long term investment than condo's or townhouses.
Legacy Real Estate
Please let me know if I can be of help. I have sold a few homes in the complex. please contace me at
510-520-6958-Nina Sidhu with Intero Real Estate Services.
I just listed a property on 3568 Madison Cmn in your community. I've seen a lot of interest and hope to sell within 6-8 weeks. I think its a great time to sell and upgrade as there are a lot of first time buyer looking into buying homes. And Liberty Commons is very popular among first time buyer. As for the other listings sitting on the market in your community. All I have to say that to sell in this market the homes have to be priced and marketed aggressively :).
You need to consider what your competition will be if you place your home on the market now. In my area, Los Angeles, you would be competing against short sales and foreclosures - that makes it tough for a "normal" seller. Right now the majority of the buyers are looking for a "steal."