The Best Time to Buy or Sell
March 14, 2013
This week I posted the numbers of closed residential real estate transactions for the month of February. To me, the numbers are indicative of a stabilizing and recovering market. I know the hype in the media is hhow much better sales are now than they were a year ago. Check the numbers. For our region they are better, but not spectacularly better. So is this a good time to buy or sell?
The answer, as always, is "It depends."
It depends on a persons' housing needs and financial situation. Haas your familial status changed? That could be marriage, divorce, death, additions to the family, etc. Do you now need more home or less home? Are you wanting to upgrade or downgrade? Is the commute to work getting too long? Have you changed jobs and now have increased income? In reality, personal considerations such as the answers to the above questions will determine whether now is the best time to buy or sell.
It is commonly thought that the best time to actively enter the residential real estate market as a buyer or seller is when prices are favorable to being a buyer or to being a seller. Certainly this is one important consideration. Ultimately, however, the best time is when the property that meets your wants and needs is available at a price that allows you to purchase it.
This week I posted the numbers of closed residential real estate transactions for the month of February. To me, the numbers are indicative of a stabilizing and recovering market. I know the hype in the media is hhow much better sales are now than they were a year ago. Check the numbers. For our region they are better, but not spectacularly better. So is this a good time to buy or sell?
The answer, as always, is "It depends."
It depends on a persons' housing needs and financial situation. Haas your familial status changed? That could be marriage, divorce, death, additions to the family, etc. Do you now need more home or less home? Are you wanting to upgrade or downgrade? Is the commute to work getting too long? Have you changed jobs and now have increased income? In reality, personal considerations such as the answers to the above questions will determine whether now is the best time to buy or sell.
It is commonly thought that the best time to actively enter the residential real estate market as a buyer or seller is when prices are favorable to being a buyer or to being a seller. Certainly this is one important consideration. Ultimately, however, the best time is when the property that meets your wants and needs is available at a price that allows you to purchase it.
posted by shirley harry at 9:11 AM
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