Are you thinking about selling your home?

Are you thinking about selling your home?  If so, I'm sure you have considered your personal reasons for selling. Now you need to take into account the other factors involved, such as market conditions, your property's value and tax implications.   Acccording to the California Association of Realtors, the housing recovery will Continue in 2013.

Assessing Market Conditions

There's a rule of thumb to keep in mind when deciding to sell your home: Your home is only worth what a qualified buyer is willing to pay at the time it's on the market. The current real estate market fluctuates based on supply and demand, interest rates, general economic conditions, and other factors. As we saw during the housing boom, the same house may sell for more or less under a different economy. Give me a call, I can provide you with a comprehensive market analysis of homes in your area.  Check out the video "Homes Are Selling Like Hot Cakes" below, the average days on the market is less than 30 Days in the Long Beach, Lakewood and Signal Hills areas!

Timing Your Decision to Sell

Because most sellers finance a new home purchase with the sale of their present home, they usually put their homes on the market before they begin their search for a new home. Learning the proceeds that you can expect from the sale will help you set the purchase price limits for your new home search.

If it is your intent to have both homes (your sell and purchase) close concurrently, you should not wait until your home sales to start your new home search.  With interest rates low, and home prices ecovering, it may be a good time for you to explore upgrading your family home. 

Call me today to discuss how you can capitalize on this great opportunity to use the equity in your home to buy another home, income property or a vacation property.