Local real estate prices have softened in practically all of the neighborhoods throughout the state and nation. Sellers in today's market are faced with a timing dilemma. Should they wait out the soft market or bite the bullet and accept what they can get now? The answer to this burning question depends on the seller's long term goals.
It helps to analyze the options and ask the tough questions: Is waiting months or years for prices to go up an option? What will the monthly costs of holding the property be during this wait? Once these questions are answered, it's possible to come up with an informed plan the meets the short term reality as well as long term goals.