Selling A Home in 2016 - Here Are Some Considerations

By
Managing Real Estate Broker with Regal | Christie's International Real Estate BK659279 

Thinking About Selling Your Home in 2016?

Here are some points to consider

 

  • Is it a Sellers Market? Or Turning into a Buyers Market?
  • Rising Prices Will Slow Down
  • More Competition From New Home Communities
  • More Homes Will Be Coming On the Market
  • Interest Rates Are Starting To Inch Upwards

 

**Although home prices have been rising consistently over the last few years, many experts say this is going to start to slow down.  There will also be more competition on the market from resale homes, and new homes that will be entering the market, and interest rates are starting to inch their way up.

**Financing will still be a challenge for some buyers, and when financing is a factor, then an appraisal is also a major factor is determining your home's value.  If you own your home free and clear, are you in a position to do "seller financing"?  This may be an option that you should consider. 

Many geographical areas have fully recovered, but there are many where they have never fully recovered from the economic bust or only slightly recovered.  Obtain a current appraisal or CMA from a Real Estate Professional to determine your home's current market value.

Selling your home is a monumental event, and can involve many complcated financial considerations" according to "The Motley Fool's "Selling a home in 2016? What you need to know

Posted by

Regal Christie's International Real Estate  Joyce Marsh Certified Luxury Home Marketing Specialist   Joyce Marsh Institute for Luxury Home Marketing Member     Joyce Marsh Million Dollar Guild Member Institute Luxury Home Marketing  Joyce Marsh 5 Star AgentDupont Registry Elite Agent

 

Joyce Marsh, Regional Manager Florida

Regal Christie's International Real Estate

386-299-8291   JoyceMarsh@RegalRealtyOrlando.com      

www.RegalRealtyOrlando.com   

                                  

Copyright 2008-2019 Joyce Marsh.  All Rights Reserved.  Information from sources deemed reliable, but not guaranteed. Nothing contained herein to be considered legal advice, please consult your Attorney for advice. 

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Ambassador
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Joyce, it's easy for a market to change from hot to not very quickly.

Jan 04, 2016 09:59 AM #1
Rainmaker
1,139,115
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Patricia Kennedy that's so true. It's so important to stay on top of the changing marktplace.

Jan 04, 2016 10:02 AM #2
Rainmaker
3,247,813
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Joyce 

Your post has great insight on selling a home in 2016.

Good luck and success.

Lou Ludwig

Jan 04, 2016 10:56 AM #3
Rainmaker
1,675,919
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

Hi, another year to get back in the groove of learning and sharing from great posts. Hope this becomes a prosperous 1st quarter.

Jan 04, 2016 12:18 PM #4
Rainmaker
1,392,595
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

No doubt that interest rates are going up. That will slow things a bit, but I think neighborhoods that have a lot to offer will have strong sales.

Jan 05, 2016 01:47 AM #5
Rainmaker
3,815,348
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Joyce,

Staying on top of the winds of change will help make 2016 a very good year. Excellent post..thanks for sharing!

Jan 05, 2016 10:12 PM #6
Rainmaker
1,139,115
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Thank you for stopping by my blog and sharing your thoughts and commenting. Very much appreciated. 

Nov 14, 2018 01:36 PM #7
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Joyce Marsh

Regional Manager Regal Christie's Int'l Realty
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