Many people are faced with the delema of whether to list their home now or wait until the market starts back up again. The question is "How long are you prepared to wait?"
At the beginning of last year many people thought that they would sit it out, wait a year and when they put their home on the market they would be able to sell for more. At the time, that seemed llike it was possibly a good idea. In retrospect we now see that prices have continued to decline and the market value of their home is lower now than if they had sold a year ago. Once again the pundits such as Case - Schiller are talking about a double dip housing recession with prices going down again in 2011 and recovery not happening until the 3rd quarter of 2012.
If you don't have a real motivation to sell, sitting tight for several more years may be the best option. However before you make up your mind weigh what it will cost you to remain in your home for several more years. More importantly are you willing to delay being able to move closer to your grandchildren; the time spent watching them grow up may be priceless. Waiting for six months may see you netting even less than selling now, but waiting for several years could put you in a better position.
How long are you prepared to wait? Don't you wish they made a good crystal ball?
