WSJ ~ Time to Sell Your Home? Feb 23, 2013.

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

WSJ ~ Time to Sell Your Home?  Feb 23, 2013.

Wall Street Journal Weekend edition had a great article “Is It Safe to Sell Your House Now?” and it states that home prices nationally are up 8.3% in December compared to the same time last year.

It is important to factor in your local real estate market and recent sales when you are figuring out your asking price and even though prices are up they are still about 27% below their 2006 highs (nationwide average). Currently the number of homes for sale is at its lowest level since December 1999 according to the National Association of Realtors with average days on the market for homes in January at 71 down from 99 days one year ago.

Depending on your real estate market trends, on average buyers search activity generally peak in March and April while sellers listings peak in July according to real estate website Trulia.com

It is important to use a local professional real estate agent to help guide you along the process and explain your regional market. For buyers and sellers there are more tips in the WSJ article that deals with:

  • Interview multiple agents.
  • Adjust your sights to today’s market
  • Make the Internet work for you.
  • Weighing multiple offers.
  • Plan ahead for the appraisal.

Click here to read full article.

 

 

David Popoff is a certified “Green” Realtor with William Pitt Sotheby’s in lower Fairfield County, Connecticut and associate of

DMK Property Management llc a locally owned company serving lower Fairfield County, Connecticut.

Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.

cell 203-228-0646

email DavidPopoffCT@hotmail.com

 

 

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

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Rainer
187,605
Athina Boukas
Athina Boukas, Broker/Owner (Greensboro, NC) - Charlotte, NC
Broker/CRS

Thank you for referencing this article.  Keeping an eye on the changing market and adjusting strategies is the key to success for buyers and sellers.  Rising rates and inventory are a threat to this fragile recovery, yet it seems people are getting tired of the fear and just jumping in, finally.

Feb 25, 2013 12:20 AM #1
Rainmaker
182,309
Carmela Jacobs
Carmela G. Jacobs, Broker - Thousand Oaks, CA
Ventura Co., Los Angeles Co., CA, & Global Realtor

David,

Great minds think alike, I just posted a similar  article on VFlyer and CL.

Best,

Feb 25, 2013 12:56 AM #2
Rainmaker
747,783
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Families are beginning to realize it is a new economy and adjusting to it, need to keep an eye on the pulse this spring.

Feb 25, 2013 02:06 AM #3
Rainmaker
2,021,113
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Some of the forecasts just don't make any sense. The time for folks to sell is when it is the right time for them, not when the WSJ thinks it is the right time. We should be in the business of forcasting, better not.

Feb 25, 2013 02:27 AM #4
Rainmaker
747,783
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

As I read the article it was just stating some statistics, not forecasting, sometimes past performance is an indicator of future.

Feb 25, 2013 02:55 AM #5
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi David.  If you can wait to sell then wait.  Prices will continue to go up.

Feb 25, 2013 08:11 PM #6
Ambassador
2,061,409
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

David, prices are going up everywhere and sellers are indeed waiting......hence the super low inventory!

Feb 26, 2013 12:20 AM #7
Rainmaker
3,709,012
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

It is a very good time to sell a home in Montgomery County, Maryland.  Prices are up and the inventory is very low.  Home buyers have a major purchase incentive with the very low mortgage interest rates.

Feb 26, 2013 01:12 AM #8
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Rainmaker
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David Popoff

Realtor®,SRS, Green ~ Fairfield County, Ct
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