Sell Now?

Real Estate Agent with Coco, Early & Associates

I have been talking with a number of sellers who have let their homes come off the market in the last 6 months thinking that things will be better in the late winter early spring.

Is this a good idea?  Probably not if they want less competition and a better price....the forecast for the foreclosure market is that we will be seeing more of them and the heaviest will be 2nd quarter of 2011.       If the prediction is accurate they are suggesting it will push prices down at least another 5%....that on a $300,000 is $15,000.  If it were to drop 20% that is a whooping $60,000! 

Interest rates have been on the rise and many of the buyers are getting motivated before they lose out on this opportunity.

I say sell now while there is less competition....a bird in hand is worth two in the bush :-)

Comments (2)

Kathy Denworth
Century 21 Schwartz Realty - Islamorada, FL
Realtor in the Florida Keys, Islamorada, Key Largo

At the end of your post, all I could see in my head was the Geico commercial with the antique road show episode where he announces that the bird in the hand is worth to in the bush and the women answers "REALLY?"

Jan 06, 2011 04:14 AM
Donna Rattee
Coco, Early & Associates - Portsmouth, NH
Turning Dreams Into Reality

LOL Kathy...I love the Antiques Road Show...subliminal messaging at work :-)

Jan 06, 2011 04:53 AM