Seasonality exists in even the strongest of Buyers Markets. What I mean is that this time of year there is always a tendency for homeowners to back off and consider "giving up" until next year. What is interesting to me is that often the highest level of success comes following the 180 degree theory. "Watch what everyone else is doing and do the opposite." If more homes leave the market this may be your best time to sell. In fact right now this year especially even with all of the Foreclosure competition more of the resale homes are selling than they were a few months ago.
Here are some reasons people give up this time of year... The Kids are back in school, the weather is not as nice, we tried during the summer and it didn't sell, and we don't want to move in the winter . IN the past I would often agree with people and encourage them to try again after the first of the year. In this market like everything else "all bets are off." Here is what I see from "from the trenches".
Interest rates seem destined to rise, prices seem destined to stay the same or possibly dip lower, government involvement seems like it will just prolong problems, the new appraisal issues will make continue to slow and hurt the process. Well you get the idea, with everything going on and the next wave of foreclosures about to hit the market I think now is going to be the best market we have in the next 12 months.
If you absolutely think you will need or want to move or upgrade in the next 2-3 years this most likely will be a great time for you to make your move. If you are upgrading or moving toward a change that you don't want to put off, This may be a great time to get the job done. Find a competent agent to help you figure out exactly what it will take to get the job done now . We know it boils down to Price, Condition, Commission and Marketing so figure out where you need to be on those things and start packing.
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