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The most lucrative time to sell
Well that certainly may not be, but, if you are going to be turning right around and buying then you might
just make money in this market.
If your home is market ready, you may take advantage of a downward trending market. The key is to price
your home to sell and be a savvy buyer on the back end. The idea is that you beat your competitors to the punch:
Steamlining your price so it moves before the Spring onslaught
Having your h0me prepped or staged so it is ready to go
Being flexible and requesting a longer term closing date
Allow for normal Spring influx of listings as prices tank
Make a selective home choice, add space, better your location-it's up to you.
Now for lots of folks it would be hard to do a short term rental but if you had a fallback plan to stay
with family for as much as 6-8 weeks you can even augment your gains by closing quickly and getting cash in your hands right away.
In any event, you have to make the move now.
The real deal is that the market is not going to be rebounding anytime soon. We've gone through this before. It will take as much as 6 months to stabilize and level off and over a year to show some steadied signs of improvement.
The time to act is now. On the selling side, be smart, do the best you can do and then be a savvy
consumer
Yes you will be competing with foreclosure homes. In fact,
this is critical, the rampant amount of foreclosures is what is going to knuckle under this market. It will take months and months before the inventory is flushed out.
You will be on the buying side just as it is hitting the bottom and stabilizing.
You won't get this chance again for another 12-15 years.
You can bet there will be some Congressional oversight on the financial sector and that usually means banking reforms. We only see a market crash
following some impacting incident-oil/high inflation-1970's, Junk bonds-1990's, tech bubble 2001. It could be another 14 years till the next trough occurs in the cycle. The opportunities are now and for some it's the last really good time in their lives to make a play for it.
If you are looking to get on a quieter street, increase of decrease your homes size, or just want to cut
your mortgage substantially, please get in touch. Interest rates will be around 5.0 for a 30 year fixed for only a month or two.
Let us help you with a few basics. First off you may want to have us provide you with a Free Market Analysis.
We will offer some advice on prepping your home for a quick sale at the highest market price. Cal today, we are here to put our 23+ years of experience to work for you.
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