Is Now The Right Time To Sell Your Home?

Now may be the right time to consider making the move. Some homeowners have been waiting for years for a better housing market and a good time to sell. Is it better to wait a few more years gambling on if the market will move higher vs continuing to ride the market down. For many sellers finding the right home and lifestyle today outweights playing the odds while living in a home that not right for their current situation. We are frequently asked this time of year by sellers if they should wait for the Spring to list their home.  Based on our experience and MLS sales data, now is the best time to sell and Jonathan J. Miller, the president of the appraisal firm Miller Samuel agrees. In a survey done by Miller Samules the results indicated that the best time to list a home is ?at the tail end of winter, just before the spring sales rush.? On Long Island listings introduced in March sell the fastest, and sell for 1.4 percent closer to their original listing price. 20 percent fewer listings are added in winter than spring. As a result, if you have a really pretty house, it gets snapped up right away. They buy it faster; they pay more money.? Todays historically low interest rates give buyers more buying power today then any time in the last several decades. Buyers are out looking for clean homes that are priced at market value, and the low interest rates are making homes more affordable for them. We see sellers who are sitting on the fence waiting for the market to come back to 2008 numbers. That?s highly unlikely and the reality is prices are still declining and the taxes and carrying costs of owning a home keep rising. This is eating away at peoples nest egg, and keeping them in a home that is no longer right for their current needs. Long Island home owners who were considering selling this time last year and didn?t, lost on average over $22,000 of equity in their home based on the latest sales figures. Long Island like the rest of the country grappled with unemployment, tight credit and distressed real estate putting downward pressure on home prices. This trend could continue for several more years to come. If you decide to move we will help you with the emotions of selling, and allow you to maintain control of your schedule without pressure during the transition. Let us give you a no obligation evaluation of your current homes value and your new lifestyle options. Contact Melanie Mazzeo or Gary Baumann at: 631-858-2439 or email: melanie.mazzeo@elliman.com.

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About Melanie Mazzeo

Melanie Mazzeo Is a Realtor At Douglas Elliman. She Specializes In Residential Sales, Buyer Representation, First Time & Move-up Buyers, Fine Homes & Estates, Relocation, Condo, and 55 Communities. From Montauk To Manhattan and all Towns In Between!
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