- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Replies (9)
- Vince Curtis, "SoCal Appraiser"
- Contributions:4699
Isnt is always a good time to sell you home ?!?!?!? At least for the right price...
- Jill Abrams, 772-349-7359, "Jill Abrams"
- Contributions:5
In Southern Florida, where I live and work at, summer as well as ALL the seasons is a good time to sell. We have families moving in the spring and summer and second home buyers buyng in the fall and winter. So if any home owners reading this thread in Florida, the time of the year does not matter.
- Mark Nehs, Wisconsin, "WI Mortgage Lender"
- Contributions:250
Well said. It starts with what makes sense for the family and then you look at the other reasons.
- Sharon Lewis, "Sharon Lewis"
- Contributions:3923
Jon and Donna-Why would you want the housing industry to 'recover'? If someone sells their current home now, they will also be buying a home that reflects the current market price. Interest rates are incredible right now too.
Each case is different.
There is always some new legislation.....
Look, if you are thinking of selling your home, talk to a professional. Just this morning I talked someone out of selling their house. It wasn't the right time for them or the right financial move.
Three weeks ago, I did the same and instead the 'seller' is refinancing.
Yes, agents make a living helping people buy and sell...there are many of us that also help our clients make the right decisions. Many of us are in it for the long haul and do the right thing for our customers and clients.
Everyone's needs are different. If you don't know a professional agent, contact anyone of us by clicking on our names. We can find you a referral.
Each case is different.
There is always some new legislation.....
Look, if you are thinking of selling your home, talk to a professional. Just this morning I talked someone out of selling their house. It wasn't the right time for them or the right financial move.
Three weeks ago, I did the same and instead the 'seller' is refinancing.
Yes, agents make a living helping people buy and sell...there are many of us that also help our clients make the right decisions. Many of us are in it for the long haul and do the right thing for our customers and clients.
Everyone's needs are different. If you don't know a professional agent, contact anyone of us by clicking on our names. We can find you a referral.
yes, it is always a great time to buy or sell a home... except when it isn't I guess...
It would be nice if agents could think, but oh well, it's just a dream!
It would be nice if agents could think, but oh well, it's just a dream!
- Dunes....
- Contributions:3894
Reasons to not Post Things as if you wrote them and to give credit to the Source/actual author...
1. You are suppose to
2. It's Lame if you don't
3. It's posted all over the Internet by Many different Agents also pretending they wrote it
4. It's not a Discussion or Question, it's just an Advertisement other Agents can use to Backslap (Great post..so timely,..I agree)..That's what ActiveRain is for
and to do the ..Yeah Buy..Buy..buy please..I know I said it was Best time in 2006/7/8/9/10 but this time I'm right ..
5. The Public is not as Dumb as you think they are
1. You are suppose to
2. It's Lame if you don't
3. It's posted all over the Internet by Many different Agents also pretending they wrote it
4. It's not a Discussion or Question, it's just an Advertisement other Agents can use to Backslap (Great post..so timely,..I agree)..That's what ActiveRain is for
and to do the ..Yeah Buy..Buy..buy please..I know I said it was Best time in 2006/7/8/9/10 but this time I'm right ..
5. The Public is not as Dumb as you think they are
- sunnyview
- Contributions:25139
"...move-up into your dream home. If you move into a more desirable home now, you will be in position to gain larger equity as prices eventually appreciate."
Not necessarily so. If prices continue to drop and lending standards tighten like you say they will, then even fewer people would be able to afford the move up house when you go to sell that one. I think the question that any buyer should be asking right now is what direction their market is going in and how long they plan to stay in the house.
If they plan to move within 6-24 months and the market is dropping, the safe bet may be to sell the house they have and wait it out in a rental. Then when they go to rebuy, they can get more house for their money without losing bubble equity to the market correction and be more attractive as buyers without a contingency.
If they plan to stay in the area long term and rebuy a more expensive house, they are better off renting short term and buying during the holidays when no one is buying. Prices often drop 5-10% in many areas I follow from about mid November to early January.
If on the other hand they plan to stay long term, they should assess their feelings about their current house and really look at the amount they may be walking away from not selling now to decide if they are comfortable staying put for the long haul while the market finds it's way. A good local agent can help owners run those numbers based on historical values and local rents to help those owners make a better decision.
Not necessarily so. If prices continue to drop and lending standards tighten like you say they will, then even fewer people would be able to afford the move up house when you go to sell that one. I think the question that any buyer should be asking right now is what direction their market is going in and how long they plan to stay in the house.
If they plan to move within 6-24 months and the market is dropping, the safe bet may be to sell the house they have and wait it out in a rental. Then when they go to rebuy, they can get more house for their money without losing bubble equity to the market correction and be more attractive as buyers without a contingency.
If they plan to stay in the area long term and rebuy a more expensive house, they are better off renting short term and buying during the holidays when no one is buying. Prices often drop 5-10% in many areas I follow from about mid November to early January.
If on the other hand they plan to stay long term, they should assess their feelings about their current house and really look at the amount they may be walking away from not selling now to decide if they are comfortable staying put for the long haul while the market finds it's way. A good local agent can help owners run those numbers based on historical values and local rents to help those owners make a better decision.
- New_Englander
- Contributions:60
Well said.
I would like to point out to a poster below that not everyone wants to sell their house in order to buy a new house (even one the same size as their current house, let alone a larger "dream house.") My husband and I plan to sell within the next few years, because we want to be mobile... we're not underwater, but this house is still like a ball and chain. We don't know how long it will take us to sell it, so it's hard to explore other opportunities when we know we'll need to add 6 months or more to sell the house.
We certainly don't want to be tied down in the future - we'll probably rent an apartment for the foreseeable future, not because it will save us money each month (it may very well not) but because we just don't want to be in the housing market.
So, since we're not interested in BUYING at these low prices, we would like to ride out the worst of the market to get the most for our house we can. We're balancing these desires... get rid of the ball and chain, but get as much as we can... so we may just wait a couple years, see if things seem like they might be turning around, and finally put it on the market. Each year that goes by, we've also paid more into the house so we'll be more likely to have some take-home cash from a sale rather than (maybe) just breaking even.
The point about not putting off plans really resonated. We're going back and forth on whether it's best to put it on the market next summer, or wait a couple more years... but since we don't live in the area we'd ultimately like to be in, that's pushing off our future plans for a couple more years. Worth it? We'll see.
I would like to point out to a poster below that not everyone wants to sell their house in order to buy a new house (even one the same size as their current house, let alone a larger "dream house.") My husband and I plan to sell within the next few years, because we want to be mobile... we're not underwater, but this house is still like a ball and chain. We don't know how long it will take us to sell it, so it's hard to explore other opportunities when we know we'll need to add 6 months or more to sell the house.
We certainly don't want to be tied down in the future - we'll probably rent an apartment for the foreseeable future, not because it will save us money each month (it may very well not) but because we just don't want to be in the housing market.
So, since we're not interested in BUYING at these low prices, we would like to ride out the worst of the market to get the most for our house we can. We're balancing these desires... get rid of the ball and chain, but get as much as we can... so we may just wait a couple years, see if things seem like they might be turning around, and finally put it on the market. Each year that goes by, we've also paid more into the house so we'll be more likely to have some take-home cash from a sale rather than (maybe) just breaking even.
The point about not putting off plans really resonated. We're going back and forth on whether it's best to put it on the market next summer, or wait a couple more years... but since we don't live in the area we'd ultimately like to be in, that's pushing off our future plans for a couple more years. Worth it? We'll see.
Reasons to List your home now!
-
- 5.0/5.0
- (4 reviews)
Contributions:103We are often asked "Is it time to sell my home?"The answer to that question is based on what your families' goals are. If you don't need or want to move for a few years it might make sense to wait for the housing industry to recover and prices to appreciate. However, if you wish to move within the next six to eighteen months, it is probably better to sell sooner rather than later. Here are reasons why:
Your House Will Get More Exposure Now Than the Winter
Housing sales usually level off in the summer and then regain momentum in September and October. The spring buyers' market has passed. Don't miss the early fall market. It has consistently outperformed the winter season.
Mortgages Will Become More Difficult to Attain
Lending standards are continuing to tighten. There is legislation currently being considered that will make it even harder for buyers to qualify. Less demand will equate to lower prices.
It is the Perfect Time to Move-Up
With prices where they are and interest rates at all time lows, there may have never been a better time to move-up into your dream home. If you move into a more desirable home now, you will be in position to gain larger equity as prices eventually appreciate.
You Get to Move On with Your Life
Probably the most important reason to sell is so you can get on with your life. You are considering selling for a reason. Do not allow a less-than-stellar housing market prevent you from reaching your goals as an individual or as a family. Think about the reasons you are thinking about moving. Are these reasons really important to you? If you have to take less than you were originally hoping to get for your house, your family has a question to ask each other: Is the dollar difference in sales price worth putting off our plans? Only you and your family know the answer to that question.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.