Real estate is a local business. We all hear so many things in the media and just assume that is how it is. One thing that is not just local is the misconception that you should wait to sell in a buyers' market. Generally that is true unless you are moving up within the same market.
In a buyers market you will not receive top dollar by any means. Selling during this period is not ideal unless you are looking to upgrade. If you are moving out of the market it may be best to rent your property and buy in the new market. This method could allow you to catch the appreciation that is coming to Aurora and the Denver area and take advantage of the other market which is way down and coming back after you buy.
If you want to stay in this market and intend on moving up within the next 5 years you should move ASAP. The Denver metro area is one the few areas in the country that has seen any appreciation. If you wait to get more money for your current home you will pay much more for the next one.
As always, a top-notch REALTOR is key to taking advantage of any market. Call me for a list of experts in your area. No obligation of course.
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