Dawn Barrier REALTOR®, 's Blog,LAS VEGAS BLOG

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Sell Now? At the Bottom of the Market?? Yes!!! Las Vegas Homes Needed

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

 

Short Sale Agent in Las Vegas http://www.lasvegasshortsale1.com

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!

 

Two Realtors for the Price of One!


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 Miller (Keller Williams Cornerstone Realty): Real Estate Sales Person in Ocala, FL

 

Bob the Realtor

 

Keller Williams Cornerstone Realty

 

 

Dawn Barrier    EXP REALTY Las Vegas   (702) 812-4550 

 
 
 
 
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Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.

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Comments

Great reblog as its on target and sound advice. There are many reason why not too wait but this cover so much more its excellent

Posted by David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg (US Mortgages - David Shamansky) over 6 years ago

Excellent! When it's time to go, it's time to go.

Posted by Dave Halpern, Louisville Short Sale Expert (Keller Williams Realty Louisville East (502) 664-7827) over 6 years ago

Dawn, Thanks for the re-blog!

Posted by Bob Miller, The Ocala Dream Team (Keller Williams Cornerstone Realty) over 6 years ago

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