To Sell or Not to Sell in a HOT Market?

Phil Shaver
Published on August 2, 2018

To Sell or Not to Sell in a HOT Market?

Supply is low… and Sellers are holding tight.   A lot of home sellers are on the fence about selling in this hot real estate market.   Its like sitting at the poker table knowing you have a winning hand.  A different position than 5 years ago.

So what’s the right decision to make if you’re a home seller?  There’s a lot at play here and that’s why everyone should be thinking strategically on whats the right move is for them.  Here are a few pro and cons to consider when making this big decision.

Pros

  • Selling in a hot market allows you to have the upper hand in negotiations with the home buyer.
  • Selling now and laying low or renting could allow you to capitalize on the high prices
  • You’re not trying to time the market like a lot of sellers did in 2005-2009.

Cons

  • If you’re looking to buy in the same market.  The price would most likely be higher.
  • If you decide to cash out your equity and not buy more real estate.  You will have to make sure you don’t spend all the equity before purchasing again!

We’ve had a good run for about 7 years now… How much longer will it last?  That’s the million dollar question!

We hope this info has been helpful.  Feel free to call or email us with any questions!

 

Thank you, talk soon!
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