Sell Now? At the Bottom of the Market?? Yes!!!
Does that sound crazy or does it make sense? This is a re-post of a great Florida blogger (Thanks Bob) and these things apply as well here in Las Vegas. Call me if you are thinking of selling in Las Vegas (702) 812-4550
Let's look at why it might make sense:
1.You can't time the market so how do you know it is the bottom?We have all heard this adage regarding stocks.But the same is true for real estate markets.We won't know if it is the bottom for another 6-12 months.
What if the banks release the shadow inventory of foreclosed homes?What if the European debt crises spills over to the rest of the world?What if there is a double dip recession?
2.Suppose it is the bottom?Why not wait for homes to appreciate?Average home appreciation over the last 50-60 years in the U.S. is 3-4% annually.So why not wait, right?
Well inflation also averages ~3%, so how much further are you ahead by waiting?Then factor in maintenance on your house - most experts say 3-4% per year.Combined, you will lose money!
Let's assume you wait ~3 years and your home does appreciate 3% annually or a total of 10%.What happened to the house you wanted to buy?Chances are it went up 10% as well.Moving up?If your $100,000 goes up $10,000 that $200,000 home just went up $20,000!
What happens when everybody does figure out we have passed the bottom?How many sellers will put there homes back on the market?How many buyers will decide they missed their opportunity or be priced out of the market by rising prices and/or interest rates?
3.The last point and most important!Moving for a job opportunity?Moving to be closer to family, children, grandchildren?Is waiting more important?Are you putting a price tag on what is best for you and your family?
Sell Now? At the Bottom of the Market?? Yes!!!
So is now the time to sell? Call us to see!
Call me if you are thinking of selling in Las Vegas (702) 812-4550
Las Vegas Homes Needed
http://www.LasVegasDawn.com
Via
Bob Miller - Bob the Realtor Ocala & Marion County (Keller Williams Cornerstone Realty):
Sell Now? At the Bottom of the Market?? Yes!!!
Does that sound crazy or does it make sense?
Let's look at why it might make sense:
1. You can't time the market so how do you know it is the bottom? We have all heard this adage regarding stocks. But the same is true for real estate markets. We won't know if it is the bottom for another 6-12 months.
What if the banks release the shadow inventory of foreclosed homes? What if the European debt crises spills over to the rest of the world? What if there is a double dip recession?
2. Suppose it is the bottom? Why not wait for homes to appreciate? Average home appreciation over the last 50-60 years in the U.S. is 3-4% annually. So why not wait, right?
Well inflation also averages ~3%, so how much further are you ahead by waiting? Then factor in maintenance on your house - most experts say 3-4% per year. Combined, you will lose money!
Let's assume you wait ~3 years and your home does appreciate 3% annually or a total of 10%. What happened to the house you wanted to buy? Chances are it went up 10% as well. Moving up? If your $100,000 goes up $10,000 that $200,000 home just went up $20,000!
What happens when everybody does figure out we have passed the bottom? How many sellers will put there homes back on the market? How many buyers will decide they missed their opportunity or be priced out of the market by rising prices and/or interest rates?
3. The last point and most important! Moving for a job opportunity? Moving to be closer to family, children, grandchildren? Is waiting more important? Are you putting a price tag on what is best for you and your family?
Sell Now? At the Bottom of the Market?? Yes!!!
So is now the time to sell? Call us to see!
Need to sell? Call the team that gets it done!!!!
Call the Ruiz/Miller Team!
Get 2 Realtors for the price of 1!
Join Active Rain
Can they sell it? Yes they can!
352-547-1074
Bob@bobtherealtor.net
Bob the Realtor
Buying or Selling a Home or Condo Call (702) 812-4550
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A Las Vegas short sale is selling your home for less than what is owed on the mortgage and is an alternative to foreclosure. Are you behind on your home mortgage payments and unable to continue making them due to a hardship, such as you lost your job, divorce, job transfer, VA military relocation, wage reduction? (just to name a few) then a short sale may be right for you. CALL NOW (702) 812-4550 We list and sell homes all over the Las Vegas area including Summerlin and Henderson. Short Sales, Regular Sales,New Homes, Flips, Foreclosures
