Sell Now?

By
Managing Real Estate Broker with William Raveis Curry Realtors
http://actvra.in/4cq

I have been talking with a number of sellers who have let their homes come off the market in the last 6 months thinking that things will be better in the late winter early spring.

Is this a good idea?  Probably not if they want less competition and a better price....the forecast for the foreclosure market is that we will be seeing more of them and the heaviest will be 2nd quarter of 2011.       If the prediction is accurate they are suggesting it will push prices down at least another 5%....that on a $300,000 is $15,000.  If it were to drop 20% that is a whooping $60,000! 

Interest rates have been on the rise and many of the buyers are getting motivated before they lose out on this opportunity.

I say sell now while there is less competition....a bird in hand is worth two in the bush :-)

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Rainmaker
252,172
Kathy Denworth
Realtor in the Florida Keys, Islamorada, Key Largo
Century 21 Schwartz Realty

At the end of your post, all I could see in my head was the Geico commercial with the antique road show episode where he announces that the bird in the hand is worth to in the bush and the women answers "REALLY?"

January 06, 2011 12:14 PM
Rainmaker
95,589
Donna Rattee
Turning Dreams Into Reality
William Raveis Curry Realtors

LOL Kathy...I love the Antiques Road Show...subliminal messaging at work :-)

January 06, 2011 12:53 PM
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Rainmaker
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Donna Rattee

Turning Dreams Into Reality
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