Paraphrased, the reasons to sell real estate now are:
1. The government tax incentives expire next month. Buyer interest will likely peak and fall. Lower demand typically means lower prices.
Catch that wave and contact us to list your home now.
2. "Shadow inventory" of foreclosure properties held by banks will need to be released to the marketplace. More inventory, lower prices.
3. Interest rates may rise, making it harder for buyers to afford homes.
4. Short sales and foreclosures do not "create" a new home buyer like a typical home sale does. The number of buyers may decrease because of these types of sales.
And 5 quoting Steve Harney:
"It isn’t always about the money"
"If you are considering whether or not to sell your home there must be a reason. Perhaps it is time to move-up to that dream home on the water. Maybe the time has come to downsize and have the freedom to travel more. Maybe you miss the rest of your family who now live in a different part of the country.
Selling a home should not ONLY be about the money. Sometimes it is about moving ahead in your life and doing the things you want to do or need to do. Don’t let money get in the way of living your life."
Contact First Weber or the agent you are working with to learn how to price your home aggressively to sell in this market. We hope you’ll select us as your real estate broker. Thanks for reading the First Weber blog and please let us know how we can help.
Flickr photo http://www.flickr.com/photos/wwworks/3196112134/