How long can you afford to hold on to the home? If the answer is less than "as long as it takes" you probably want to sell now. Interest rates are starting to climb and if the Federal Reserve slows down or stops "quantitative easing" as hinted at during the last announcement the market going to cool down and you shouldn't count on the huge gains that we have seen so far this year continuing. Iâ€™m already starting to see this as is reflected by longer market times for listings that have come on the market within the last 30 days.
However, if you are comfortable holding the property for a long time and either have a good interest rate or own it outright then the long term buy and hold strategy for real estate is hard to go wrong with.