This is my guide to the early thoughts about selling. I’m the Seller specialist of Team Buoscio Realty Inc. I’ve closed over 75 million in sales from 2003 to 2009. Further I’ve won awards for top production every year I’ve been licensed.
Why would you sell?
In a sellers market a seller had the convenience of choosing to sell for higher reasons like a want for more space. However, in a buyers market like 2008 and 2009 in Chicagoland a seller didn’t sell unless the really need to sell.
In Broker speak this is called a “need to sell” market. We are not in a want to sell market.
So the first question is: before you decide to sell comes ate you really prepared for the financial impact of selling in a buyers market ad your home value is lower?
If you are buying and selling – then your one of the lucky ones. Selling at a value lower than 2006 is made up by also buying now. In fact, if you are moving up you should make up more value and come out with more house for less money than you would have if you sold in a sellers “up” market. So the 2009 market and likely 2010 market are great move up markets.