Is this a good time to sell?

With inventory going down and demand increasing, many are raising the question about putting their property on the market.

Is this a good time to sell? 

What do you think?

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March 22 2012 - Miami
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Replies (21)

Well Sandy, what do you think?

My guess is it's a good time to sell.

But then again, I like to eat too.
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March 22 2012
I think that if I did not buy when the market was at an all time high, it would be a good time to sell.  Almost every listing that I have, it priced correctly, gets multiple offers and sell above list price.

Our inventory in Miami has dropped substantially and buyers are out there "fighting" for the opportunity to buy.
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March 22 2012
Profile picture for wetdawgs
Not for me, because I don't want to move and am quite content where I am.  However, I'd like some neighbors to sell at bargain basement prices so I can pick up a couple more rentals.
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March 22 2012
It depends on the market and the selling price points.  In Northeast OH, we do not have enough inventory at a number of price points.  This is resulting in multiple bid situations.  We are hoping the early warm weather will bring more Sellers into the market.
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March 22 2012
I can only speak for the Northern California market and more specifically the east bay. Emphatically yes. If you put your home on the market at or near recent comparable sales, you will very likely get multiple offers.

Inventory is extraordinarily low and buyer interest is extremely high as is common with the spring market coming into full swing soon. However, with rates being this low and the media pumping up the market as well as the overall trending positive outlook on the economy, buyers are out in droves. 

Go for the high end of your market and my bet is you will be pleasantly surprised with the buyer interest. Cheers! Here's to a great spring market.

Kevin R Kieffer Broker Associate, [phone removed by Zillow moderator]
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March 22 2012
Profile picture for hpvanc
For owners that bought more than 12-15 years ago and did not do a cash out refinance wiping out their equity during the bubble, it is a decent time to sell.  Almost everyone else is going to lose money selling now, but may not be any worse adjusted for inflation than it will be for several decades, so as long as your not underwater it is probably as decent of a time to sell as it is going to get.
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March 22 2012
If you want to move up, this is a great time to sell!  If you sell for 10% below the peak on a $250,000 house but you buy 10% below the peak on a $500,000 house, you have sold for $25K than the peak but purchased for $50K less so you are $25K ahead.  Plus teh rates are low right now.  This is the best time to move up in decades!
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March 22 2012
Hello I don't really know the Miami market but here in the Lakes Region of NH we have seen a tremendous uptick in sales in the first few months of this new year.

I believe the overall national market values are down so it may be a tough time to be a seller in that you may not get top dollar depending on your specific market conditions.  However there is a much more positive vibe out there in the market.
I say go for it.  Best of luck.
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March 22 2012
It depends on why someone is selling. We had two accepted offers today, so the buyers are definitely active again! In most areas a seller is still selling in a down market and buyers market. Although, if they are looking to upgrade in house it's probably a good move. 

We are actually selling and upgrading ourselves. 
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March 22 2012
Speaking as a Realtor (and specifically within my own market), we're seeing a shortage of quality inventory within specific price ranges due to increased buyer demand. And a piece on the news this evening suggested that local builders are busier than they have been in five years.

But Minnesota typically is the last to enter a national recession and the first to leave due to our diverse economy and less reliance on manufacturing jobs. So we're seeing the sunshine just a little bit earlier than some parts of the country.

I would be curious to hear from home buyers to get their reaction as to whether they think it's now 'safe' to get back into the home market or whether they believe home prices will continue to drop.

Personally I think that overall that home values will stay flat with some sectors losing value while other sectors (more desirable homes in trendier neighborhoods) will see modest single digit increases in value.
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March 22 2012
Profile picture for the_country_hick
Assuming you are correct some sellers will decide to sell now. The houses will sell. Then more potential sellers will put their houses on the market for the recovery is here. Then the supply will grow and the situation can easily reverse. Then you have many houses for sale with fewer buyers because the inventory increased.

This is one scenario many expect to happen at some point in the housing market. Once sellers think the market is good for selling many will enter at once. Pent up demand applies to sellers desire to sell as well as to buyers desire to buy.
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March 22 2012
I think Mike had a key word in his response "quality"

we're seeing a shortage of quality inventory

in the aftermath of the storm of foreclosures, the quality of listings just isn't what it was before.  I can't say that this translates to a good time to sell or a good time to buy, those are individual situations, it's only a good time to sell if someone else wants what you got and there is enough someone else's to sell it at a good price - same thing with buying.

what I can see...is that if you're going to list your home now, and your home is in GOOD condition, well kept, well presented and so on, both agents and buyers are excited to find it clean and nice smelling and not in need of repairs!  that particular inventory set isn't as high as we'd like it to be. 
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March 22 2012
Low inventories normally mean more money for your home...I would suggest contacting a few local real estate professionals and asking them what they think based upon your home and neighborhood...best of luck
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April 15 2012
Traffic is terrific and homes are selling quickly in the low-end price range. A Boulder County, CO homeowner should speak to a Realtor who can assist with market information and analysis. 

My last listing sold in weeks and at the asking price, which is not unusual. Agents are telling of multiple offers, too.

A good sign for the local economy as well as home sellers is the return of homebuilders. If builders are pulling permits, then at least one group is optimistic. You could say we're fairly excited about the early arrival of strong buying interest here.

I'm accepting listings. Call me.
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April 15 2012
Here's an article from CNN from this week, Miami is a top turnaround market
http://money.cnn.com/galleries/2012/real_estate/1201/gallery.turnaround-housing-markets/index.html 
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April 18 2012
It's a great time to sell.  Inventories are low and prices are rising.
Many buyers looking to purchase.
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May 13
The market determines if it a good time to sell. Every location is different
 
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May 15
If you would have sold when this post was posted you would have missed out on a 33% increase in values for the area in question - Miami, FL....
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May 15
Absolutely a good time to sell.  With a decrease in inventory, home values increase.  It is a seller's market.
Go for it!
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June 02
Dear Sandy,
In Miami prices are still going up, so its certainly not a bad moment to sell.[deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
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June 24
For some,  money is not everything!   For planet and environment lovers with enough money, acquiring a home that has going-green improvements would be a dream come true at any time of the year!  So start the transformation little by little with inexpensive tricks and let the world know that you have a "Treasure Green Home."  Share the sale of your home in free-going-green conversational groups online and also do some online- free advertising.

To be more specific, try this, make about 10 green environmental inexpensive home improvements.  Make them noticeable, visual, obvious to the eye of a buyer that will walk your house, for example environmental friendly paint and alike, check out 5 ideas in the link below:

 http://money.usnews.com/money/blogs/my-money/2010/10/27/5-green-home-improvements-that-really-pay-off

After you do that, create 2 or 3 free accounts in environmental friendly sites like ozoshare.com.  Share the selling of your home in these sites with catchy titles for example: " Environmental Improved Home for Sale, Go Green Home for Sale, Environmentally Resurfaced Home for Sale," Then add a short description indicating the improvements the house has.  I assure you  there are people out there  who would rather pay for a property that they feel happy about.  

Good Luck and let me know how it goes!
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5 days ago
 
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