At first glance, selling a property in today's market can appear overwhelming. Here are four reasons that actually make this a good time to list and sell.
1. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.
2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region. RE/MAX Fine Homes has an excellent Bank of America loan officer. Ask me for her contact info.
3. Your family member has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.
4. Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business. Contact a RE/MAX Fine Homes agent for all the right tools.
Source: McClatchy Tribune, Kate Forgach (02/07/2010)
If it doesn't make sense to sell now, list your home for lease until your specific market area or neighborhood picks up. Trying to avoid foreclosure? Call our real estate counseling department. We have closed numerous short sales and may be able to help. Our next short sale seminar for buyers or sellers is Feb. 24th at the Marbella Country Club in San Juan. Visit my site for the details. http://www.finehomes4sale.com/categories/upcoming-seminars