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Home Selling in Wallingford : Real Estate Advice

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Thu May 29, 2008
Dagyne Canney answered:
Julie - good question, since you own your home outright your carrying costs are less due to no monthly mortgage. Appreciation in Rutland County was 0 % for 2007 and it appears to be following a similar trend so far for 2008. Prices in our area are not forcasted to decline like in much of the country, but the best you could probably expect for annual appreciation for you property is the historical average of 3% per year for the next few years starting in last 2009 or early 2010. If you can sell the property, then you could reinvest the money in something with perhaps a better return, especially if it offsets the risk and problems that can occur with a tenant. The Rutland Area market is stable and normal - we are lucky. Inventory levels are higher than in the boom of 2 years ago but properly priced homes ARE selling - I know the market well here and would gladly give you a good picture of the Wallingford market - it is a desirable area with good schools - call me anytime at 802-236-4570 ... more
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