Friday, October 1, 2010

Should I sell now or next year?

A friend of mine just posed this question to me. Here is my reply:

That is a question that I cannot answer definitively without knowing more info. Aside from that, here are some things that I know:

1. Between Thanksgiving and NYE is the highest historical average sales price percentage of the year for a seller. (August is the lowest)

2. The market is slow in some areas and some price points and is hot in others. I would want to know what you have and where it is.

3. I am seeing a shift in the bank's strategies as to their defaulting home owners - some major banks are pushing more inventory to foreclosure sooner rather than "extend and pretend". This will start to have a negative impact in the 1st quarter of next year.

- the market cannot be defined in a generality. Each home, neighborhood, city, price point has a different selling strategy. More details helps me guide you to what is best for you, your home, your family and your finances. I hope this helps.

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