Property Owners Seem To Be Abuzzed

Property Owners Seem To Be Abuzzed

Should I sell or should I wait? 

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 link:

http://debra.thebrenkusteam.com/sell.php



Debra Pizzolato Headshot
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Phone: 702-348-8350
Dated: February 26th 2014
Views: 1,015
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