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 The Brownstone Group
Kathy Sexton
Email Me | 832.654.0065
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Why Sellers shouldn’t try to time the market to sell their home

Posted OnMay 01, 2013

 Sellers all always wanting to know when the best time is to sell and of course, by that they mean sell their home at the height of the market.  By trying to sell their home in the height of the market will potentially have them waiting to long to sell their home.  We only know what we know today and not what the future holds.  It is a great market now in the Houston area and I would not wait to have sellers sell their home.  It is always the same in real estate – criteria that will effect the sale of your home are Location, Condition and price.  Sellers get those 3 things right and they will selll their house for what the market will bear.  Supply is low in the Houston area and the demand is high! Jobs are being added because Texas is a business friendly place to run a business.  Businesses are continuing to move here.  Sell your home now and move up to a home that fits your family needs now or in the near future. Take advantage of low interest rates and high consumer demand.  You will win on both ends.  Don’t wait for a stronger market potentially in the future.  Most sellers end of loosing on that gamble and end up selling their home on the down turn.

 

At a time when people are clamoring to buy real estate, many homeowners remain reluctant to put their properties up for sale.

Roughly 75% of Americans feel now is a better time to buy than next year will be, according to a survey of more than 2,000 respondents carried out by real estate marketplace Trulia. But despite rising prices, only 32% believe now is a good time to sell. “The unwillingness to sell does help explain the low inventory,” says Susan M. Wachter, professor of real estate and finance at The Wharton School at the University of Pennsylvania. Inventory is down by as much as 15% year-over-year, according to Realtor.com, but picked up by 2.4% in March over the previous month.

Sellers may be trying too hard to time the market, experts say. “The unwillingness to sell is a bit surprising based on the hard facts of many markets that make it an excellent time to sell now,” says Daren Blomquist, vice president at market researcher RealtyTrac. “It’s human nature to want to sell at the very top of the market and buy at the very bottom.” In hindsight, he says, buyers too would have found much better deals in most markets in 2009, 2010 and 2011, when prices were still dropping, than they would now that prices are rising.The ones putting their homes on the market now may not have a choice. “Some just cannot hold out further,” says Lawrence Yun, chief economist for the National Association of Realtors. Many people who have new jobs, want to be in a different school district or have other changes in family circumstances will put their houses on the market first, he says.

To be fair, would-be sellers face more difficult decisions in a recovering housing market than buyers, experts say. But that doesn’t mean it’s worth waiting. “House price increases will dampen when the Fed starts to raise rates again,” says Stuart A. Gabriel, director of UCLA’s Richard S. Ziman Center for Real Estate. 

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Kathy Sexton
Email Me | 832.654.0065

The Brownstone Group
1401 Woodlands Parkway
The Woodlands, TX 77380
832.654.0065
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