Maybe It's Time to Buy Washington Post, United States - This index assumes a 20 percent down payment and doesn't cover real estate taxes, insurance or other home owning expenses. Thus "affordability" is in the ...
Like housing, commercial real estate market stuck Providence Journal, RI - Dec 5, 2008 Still, he said, unlocking credit for the commercial real estate market to return to the vibrancy of early this decade may take years. ...
Road to ruin: Happy Valley street embodies national housing bust The Oregonian - OregonLive.com, OR - Ryan Frank will host a live online chat about this story and all real estate news from noon to 1 pm Tuesday at oregonlive.com/busines Southeast Francesca ...
On the House: Buyers and sellers deadlocked Philadelphia Inquirer, PA - If you're looking for one word to describe the Philadelphia region's residential real estate market this morning, that's it. Prices here didn't rise as ...
Do your homework before home auctions Arizona Republic, AZ - based Real Estate Disposition Group, commonly referred to as REDC. Before even showing up to place his bid, Rubenstein said he ran into a problem. ...
Real estate: Sellers finding prices 'hard pill to swallow' Florida Today, FL - "I do feel the market is there if you price it right," she said. If sellers decide to drop their price, a real estate agent might advise a seller to take ...
Chattanooga: Down payment required Trading Markets (press release), CA - "People are trying to time the market but it's really an impossible notion. You can no more time the real estate market than you can time the stock market. ...
US property dream has turned into a nightmare Telegraph.co.uk, United Kingdom - Another estate agent says some sale prices are being inflated by buy-to-let investors but "the investment market is difficult because you need 25pc to 30pc ...
San Jose: Hub for a green-tech gold rush? CNET News, CA - Because we have a lot of real estate available, we're still competitive in a world market on real estate in ways that we are not very competitive, say, ...
Rift over luxury homes spotlights rich-poor divide in Russia Insurance News Net (press release), PA - VORONINO, Russia _ On a sunny Saturday afternoon, Emil Veliev was chatting about the glories of Agalarov Estate _ some 800 acres of residential development ...
Greenalls pulls site sale as credit crunch bites Warrington Guardian, UK - Michael Bibring, director at G&J Greenalls, said: ?Having assessed the current market, we feel there is no rush in trying to sell this site and would rather ...
How you can make money from internet real estate BusinessDay, Nigeria - Aug 3, 2008 However, like I always caution, don?t rush in the next minute to buy a domain simply because it looks simple. It?s the same thing as a house. ...
Customers Rush to Sign Auto Leases While They Still Can U.S. News Rankings & Reviews, VA - Bankers "say they have enough on their plates trying to deal with nonperforming commercial and residential real estate loans already in their portfolios ...
Green Rush Sin Chew Jit Poh, Malaysia - Aug 3, 2008 Already carbon-neutral dental clinics, carbon-neutral investment banks, carbon-neutral real-estate companies and carbon-neutral taxi fleets have started ...
Rental demand soars as house buyers' dreams are shattered Scotsman, United Kingdom - Aug 2, 2008 We've seen a growing demand for rented accommodation from people who have been advised by estate agents and solicitors to sell their property first before ...
Source: Google News
[PDF]The High Cost of Estate Tax Repeal J Friedman - Center on Budget and Policy Priorities, 2006 - cbpp.org ... find themselves subject to higher capital gains taxes after the estate tax is repealed ...
there is no reason to think they would rush out and sell these assets ...
[CITATION] Life and Particulars of James Blomfield Rush JB Rush - … Rush, Life, Trial, and Execution of James Blomfield Rush of …, 1800 - HeinOnline
[CITATION] CHAPTER VI LAND TENURE AND LEASING R GBEENSLADB - Elements of the Petroleum Industry, 1940 - American Institute of Mining and Metallurgical Engineers -
DA Weidner - Dick. L. Rev., 1967 - HeinOnline ... able to per- form, he would not be anxious to rush a contract of sale. ... the rule to
all brokerage contracts.26 Indeed, it alerted real estate brokers that ...
[BOOK] The Great Land Rush and the Making of the Modern World, 1650-1900 JC Weaver - 2003 - books.google.com ... derived earnings from farming or selling out, even ... Fear of this eventuality fuelled
the rush. ... whose presence seemingly obstructed efficient estate man -agement ...
SH Pollet - Art & L., 1979 - HeinOnline ... to both.>parties an dlhfair, or unreasonable advantage over the other" (Rush v. Rush, 19 AD 2d ... Would his estate be obliged to attempt to sell the paintings ...
[CITATION] COURTS OF APPEAL, LOUISIANA A Bond, A Act, C Guards, C Mortgage, C Gate, C ad … - Partnership - HeinOnline
Source: Google Scholar
Should I rush to sell in a changing real estate market?
By Dian Hymer
December 19, 2005
At this time of year, homeowners who are interested in selling figure the home-selling season is winding down and they put their moving plans on hold until spring. But this year, a changing market has given birth to a new mentality.Many prospective sellers have accelerated their plans and are listing their homes for sale now rather than waiting until next spring.The rationale runs something like this: Interest rates are rising and this is bound to change the market. If you wait until the spring of 2006 to sell, you could find yourself in a slower market. It might take longer to sell. And, you might not sell for as much as you could today. So, why not put your home on the market now?
There's a sense of desperation in this train of thought. It's impossible to know exactly what next year's home sale market will look like. But, it's unlikely that this is your last opportunity to sell.
In fact, you could argue that now is not the best time to sell given the recent decline in consumer confidence as a result of high gasoline prices, rising interest rates and recent hurricane disasters.
There is often a rebound after a natural disaster. Rebuilding New Orleans will create jobs, which could have a positive affect on the economy and on consumer confidence.
One thing we can be sure of is that you can't time the real estate market. The market isn't static; it's constantly in flux. Home-sale activity varies not only over time, but also from one location to the next.
There's no way to know if any given point in time is the very best time to sell. This can only be known in hindsight. It's possible that the home sale market hit its peak for this cycle sometime during the past summer. This doesn't mean that you've missed the boat. It means that the market is different than it was earlier in the year when buyers willingly paid over asking for prime listings.
Generally, the inventory of homes for sale currently is higher than it has been in some time, and interest rates also are higher. These two market shifts have resulted in a more discerning buyer.
You can't personally influence the direction of the market. But you do have control over the price you ask for your home and how it looks when it hits the market. These two factors have a direct impact on how long it will take to sell your home and on the ultimate selling price.
Some sellers today are in such a rush to sell that they're willing to put their home on the market without considering how it will be received by buyers. With more listings to choose from, buyers have the luxury of being selective. Why should they pay a high price to buy a house that looks bad when they can buy one that's in move-in condition?
HOME SELLER TIP: Resist the temptation to put your home on the market in its "as-is" condition hoping that you'll get lucky and find someone will overlook the clutter and deferred maintenance. Of course, you could ask a bargain price to attract attention. But even if you do discount, you'll be selling to a limited market of buyers who want to buy a fixer-upper from a seller who's desperate to sell.
THE CLOSING: Even though it takes time, you'll have a better chance of a profitable sale if you properly prepare your home for sale before you put it on the market.
Dian Hymer is author of "House Hunting, The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide," Chronicle Books.
