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Sell Now? At the Bottom of the Market?? Yes!!!

Reblogger
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Many sellers are waiting and thinking that they will be much better off if they just wait a bit longer till the prices come back up.  (Some of these sellers have been saying this for a umber of years.) It just might make more sense to sell your home now and get on with your life.  You never know what’s going to happen tomorrow.


Original content by Bob Miller

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

 

 

Comments (8)

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Great blog....wait 'n see..what ? That waiting is expensive !

Apr 29, 2012 08:39 PM
Donald Reich
Madison Specs - New Rochelle, NY
Cost Segregation Specialist

Sometimes you just can't wait to sell. Not everybody has this luxury. I would be willing to bet that many of today's sellers are people who tried to wait the last 2 or 3 years, hoping the market would improve, and instead got hit even harder!

Apr 29, 2012 09:26 PM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Thanks Gabe for the re-blog!

 

As the two comments above say; waiting can cost you!

May 01, 2012 07:31 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my re-blog.

Sep 25, 2015 05:38 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Sally, thanks for taking the time to comment it is always appreciated.

Jun 26, 2018 05:54 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi David, thanks for taking the time to comment it is always appreciated.

Jun 26, 2018 05:54 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Donald, thanks for taking the time to comment it is always appreciated.

Jun 26, 2018 05:54 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Bob, thanks for taking the time to comment it is always appreciated.

Jun 26, 2018 05:54 AM