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wakemeup
Member since 10/13 1397 total posts
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When to sell?
DH and I own a home in northern Suffolk, and current sale prices in that area have gone up quite a bit in recent months.
We are looking to move out of state, but can wait to sell. Are we better off selling now, or waiting 1-2 years? Obviously no one can predict the way the market will go but I am hoping someone with experience can shed some light. TIA!
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Posted 12/18/13 7:38 PM  |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: When to sell?
Posted by wakemeup
DH and I own a home in northern Suffolk, and current sale prices in that area have gone up quite a bit in recent months.
We are looking to move out of state, but can wait to sell. Are we better off selling now, or waiting 1-2 years? Obviously no one can predict the way the market will go but I am hoping someone with experience can shed some light. TIA!
The way banks are giving out 3% down mortgages like candy, I would most definitely list NOW.
You don't have to sell now, but I would definitely list. Its quite a sellers market if you have something valuable and desirable.
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| Posted 12/18/13 7:55 PM |
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wakemeup
Member since 10/13 1397 total posts
Name:
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Re: When to sell?
Posted by ave1024
Posted by wakemeup
DH and I own a home in northern Suffolk, and current sale prices in that area have gone up quite a bit in recent months.
We are looking to move out of state, but can wait to sell. Are we better off selling now, or waiting 1-2 years? Obviously no one can predict the way the market will go but I am hoping someone with experience can shed some light. TIA!
The way banks are giving out 3% down mortgages like candy, I would most definitely list NOW.
You don't have to sell now, but I would definitely list. Its quite a sellers market if you have something valuable and desirable.
Hmmm, good point. Ok thanks!
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| Posted 12/19/13 1:09 PM |
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DiamondGirl
You are my I love you
Member since 7/09 18802 total posts
Name:
DiamondMama
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When to sell?
It is a sellers market in most areas!
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| Posted 12/19/13 1:10 PM |
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Re: When to sell?
I would list now, if you want to sell. It's a good market for sellers right now. And as you said, who can predict the future? Prices are going up, but gradually. And rates are also predicted to go up. If they do, many buyers who would be able to buy your home today may not be able to afford it in a couple of years.
So if the time is right for you to sell now, for personal reasons, I wouldn't hold out for another year or two just to try to get significantly more money.
I would talk to a real estate agent to get some specifics on what homes are selling now and how the trend is going. I know that for the period of Oct 31, 2012-Nov 1, 2013, residential home sales in Suffolk (this includes condos, co-ops, etc.) rose 3.9%. But real estate is local, so you would want to have someone look at single family homes in your particular town/school district and give you a tailored analysis. You shouldn't rely on general stats or the media hype about real estate market heating up.
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| Posted 12/20/13 7:35 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: When to sell?
I would be happy to meet with you and give you the current comparables
I work in that area- houses are selling- I sold 4 this week for a total of 10 this month!
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| Posted 12/20/13 12:39 PM |
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Serendipity
Summer!
Member since 4/07 7631 total posts
Name:
PrayingWishingHopingALOT
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When to sell?
We have decided to try and sell now. Going up on market early jan
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| Posted 12/22/13 12:43 AM |
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