Is this the best time to sell my house???

Question

I know prices dropped by looking at the trends lately..but should I sell now or hold on for one more year. Is the price going to go back up?

Law

http://www.homepricetrend.com

Answer 1

its sooooo hard to tell because honestly HOW MANY OF US SAW THIS COMING? If youre not in a rush why not try and sell now, at least you dont HAVE to sell so you can hold out for a better price. AND if the housing doesnt go up then at least you'll know what you can probably settle for with it come next year.  Houses are averagin at well over a year to sell right now. So its a tough game to get into. It all depends on whether you NEED to sell or not. If you dont then why not refi and get a crazy low interest rate? that will make your houses cheaper to pay off when you do decide to sell.

Answer 2

a little bit tricky, since us in recession, and inflation exists, there're lots of impacts on economy,

Answer 3

1. Interest rates  and mortgages will be rising, that means even more houses and less buyers on the market.

2. If you need to sell, sell now, if not, don't sell at all.

3. Don't take any advice from "Realtors"

4. If you decide to sell, declutter, paint everything neutral and make your front yard pretty.

Good luck, with whatever you decide.

(By the way, anybody with half a brain could see since 2004 on the rising inventories, that the housing market would crash eventually)