This is a question that many home
owners are asking themselves and Realtors. Taking a look back several years in
the market, in March of 2006 many customers and clients wondered if they should
sell or wait it out until the market turned around.... Anyone old enough
to remember the late 80's real estate market crash realizes that it could
possibly take many years to turn around. Home owners had to wait up to 10
years to brake even. I owned one of those homes.
Take a look at the graph. It is
showing the Median Price Range over an eight year period. The property
owners who said they would wait it out until property prices came back, ended
up waiting years, many 7 - 8 years.... many loosing their homes... waiting to downsize
or purchase a larger home when several new members of the family where added... when they needed to... Because
they were waiting.
No one can predict the future, but many can learn from past
mistakes. Is the market leveling out? Is it sliding
backwards a little? A lot? Will it continue to creep up slowly?
How many months, years can I wait, if it did turn and I had to wait?
According to the graph, the market is showing a drop in
median price again.... like in 2006? No one can tell for sure where
the ever changing real estate market will be going next.
In the past two months, the market has
been showing a slow down in
sales. Many say it is because the investors are pulling out.
Is this temporary? Home owners in March of 2006 thought so.
If you are interested in your homes current market value, or would
like to know what your neighbor sold their property for, click on the following
About Keller Williams Marketplace - Brenkus Realty Network
Rick and Teri Have been top producers for over 30 years in the Southern Nevada and have been ranked in the top 50 agents in the US by the Wall Street Journal out of over 1.3 million agents. They have sold over 7,000 homes in both stable and challenging markets. Their strategies and incredible systems to represent buyers and sellers can not be matched! Sellers enjoy netting top dollar in the least amount of time with their massive marketing and ability to stay ahead of the curve! This Top Producing Team has consistently been in the top 1% of agents Nationally for the last 30 years. They are national speakers and are highly sought after by many who want to get to the next level in their business. They also serve on Professional Standards at the Greater Las Vegas Association of Realtors and are Senior Faculty Instructors. Their list of credentials are endless!
Before you make any decision to Buy, Sell or Invest in Real Estate, be learning based and discover all the benefits, strategies and techniques Rick and Teri Brenkus offer to their clients..... You will be glad you did!!! 702-456-5959
It’s mid-summer and we have been in the triple digits since April.
"The Agents from Brenkus Realty Network were extremely helpful, cooperative, and made my experience buying a home or property for the first time extremely easy! They were always available when I needed assistance, only sent me listings based on what type of home that I wanted, and I would highly recommend them to anyone"