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Should We Wait Until Next Year To Sell Our Home
July 30, 2009 by Sharron · Leave a Comment
I am currently at The Star Power Conference which is an Elite Group of Realtors from all over our country including Canada. These are Top Agents in their field and we are spending three days in sessions with Tops CEO’s and Economists learning how to address our changing markets and what we need to do to help our clients.
The general public thinks that if we wait for a year the market will get better. Today we head from the CEO at Re/Max. Dave Liniger stated as many others are saying that the next year in September the next wave of Balloon loans will mature and this will cause the foreclosure market to skyrocket.
He also said that the next 2 years will be like this year and we will not be in recovery for at least 3 years. So, with this being said if you need to sell your home, and decide to wait, the chances of the pricing being lower next year are almost a sure thing. The media is stating that home sales went up last month.
What they did not tell you was that the majority of the sales were short sales and foreclosures. If you need to sell you home, do not wait as that may be more expensive then you think.
