Admin

THE REAL QUESTION WHEN SELLING IN A DOWN MARKET.

By
Real Estate Agent with Austin Texas Homes

DAY 25

Meeting with potential client to review portfolio. Followup with Title, Home builder, clients in process. 

 

 

 

Across America home prices have declined in some fashion over the past 3 years. While markets vary and some are experiencing a rebound, many sellers are faced with a difficult question. Should I sell now or wait our the market over the next several years? 

This post is for everyone but primarily intended for those who own Real Estate with little or no mortgage. There are some who are in the position where they own the real estate they hold out right or have a very small mortgage. They may be hesitating to sell hoping the market will return to its highs and they can cash in at the top. The problem with that thinking is you are missing out on an incredible buying market right now. The real question we may want to ask ourselves is not "Should I seel now or wait for the market to go up?"

 

We should ask this question "Is the money tied up in my real estate asset working at it's higest and best for me now?" 


The answer is probably not. I am speaking from personal experience. We have a real estate asset in another state that is depressed in value. However by selling this asset and bringing the money into our current market in Austin, we can appreciate our real estate holdings and cash flow. 

Can your investment in Real Estate you currently own be put to work in a better market place? Contact us and we will help you evalute what you have and see what you can do in Austin Texas.

Comments(5)

Show All Comments Sort:
Charlottesville Solutions
Charlottesville Solutions - Charlottesville, VA

I stopped by to wish you a prosperous New Year!

all the best in 2012

your friend in Charlottesville

Jan 05, 2012 12:28 PM
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Thanks much appreciated your friend in Austin Texas.

Jan 06, 2012 11:23 AM
Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

I think you have to examine each situation on an individualzed basis. Lots of factors on an out of area investment. In our world there are lots of upside down properties. We are starting to see a little appreciation. May be time to hold em not fold em.

Jan 06, 2012 01:29 PM
Larry Bergstrom
Crescent Realty, Inc. Spanaway, WA. - Spanaway, WA
CNE, CRS, GRI

Great post. Not only all of that, but it will take years before prices come back to where they were a few years ago.

Hind sight is....

Jan 06, 2012 01:45 PM
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Thanks all. Hope you have a super News Year in Real Estate. 

Jan 11, 2012 09:47 AM