Christian Real Estate Blog

Should I rush to sell in a changing real estate market?

Inman Real Estate News - Should I rush to sell in a changing real estate market?: "At this time of year, homeowners who are interested in selling figure the home-selling season is winding down and they put their moving plans on hold until spring. But this year, a changing market has given birth to a new mentality.

Many prospective sellers have accelerated their plans and are listing their homes for sale now rather than waiting until next spring.

The rationale runs something like this: Interest rates are rising and this is bound to change the market. If you wait until the spring of 2006 to sell, you could find yourself in a slower market. It might take longer to sell. And, you might not sell for as much as you could today. So, why not put your home on the market now?

HOME SELLER TIP: Resist the temptation to put your home on the market in its "as-is" condition hoping that you'll get lucky and find someone will overlook the clutter and deferred maintenance. Of course, you could ask a bargain price to attract attention. But even if you do discount, you'll be selling to a limited market of buyers who want to buy a fixer-upper from a seller who's desperate to sell.

THE CLOSING: Even though it takes time, you'll have a better chance of a profitable sale if you properly prepare your home for sale before you put it on the market."

posted by Justin Smith @ 12/19/2005 07:54:00 AM