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Assessing Market Conditions
A pointer from Stacy... Your home is only worth what a qualified buyer is willing to pay at the time it's on the market. That’s a good thought to keep in mind when deciding whether it’s a good time to sell your home.
The current real-estate market fluctuates based on supply and demand, interest rates, general economic conditions, and other factors. A particular house may sell for more or less, depending on what’s happening with the economy. Stacy Eder keeps her finger on the pulse of the area’s real-estate market, and she can expertly discuss home selling prices at any time.
To accurately determine your home’s worth, Stacy will gladly perform a comparative market analysis (CMA). It provides information on recent selling prices of similar properties in the same market. With a CMA, you can monitor the closing price of specific house types in certain areas, such as a ranch-style home in a suburb. CMAs also include information about area homes that failed to sell in recent months, along with their list prices. Again, consult Stacy when you're interested in learning more about a CMA.
Timing Your Decision to Sell
Most sellers finance a new home purchase with the sale of their present homes. For that reason, they generally put their homes on the market before they begin searching for a new home. Learning the price you can expect from your home sale often determines what new home you can afford.
Obviously, it's not wise to wait until the sale on your property closes completely before beginning to look for a new home. Timing a search properly with the buyers' transaction can mean having available funds when you need them, and cutting down on the interim period between homes.
Stacy can help you through this timing decision. Contact her today.
Market Trends
See the marketing trends in the Real Estate Industry. Provided by California Association of REALTORs®.
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