Home Sellers Ask: Should I Sell My Home or Wait?

It's been a dilemma faced by homeowners who arestandard, homeowners will find their payments rising,
looking to sell their homes from the dawn of time. Isas well. That means more people will find themselves
there a perfect time to sell a home? Should you putin a financial bind, prompting them to sell their homes.
your home on the market right now, or should youAs with all supply and demand situations, a glut of
wait?house on the market will mean more competition, and
As the year 2006 begins, there are indications that itlower prices.
may be worthwhile for you to put your home on theIf you happen to be one of those financially-strapped
market now. The first indicator is rising interest rates.sellers, you may find yourself in an increasingly difficult
Interest rates have been rising steadily for severalsituation because of the combination of fewer buyers
months, and it appears that they are going to continueand more available houses on the market. That could
to rise.translate to a longer time on the market and/or a
Higher interest rates carry with them severallower sales price for your home in order to sell it
consequences. Fewer buyers will be able to qualify forquickly.
homes as interest rates increase, which in turnAs a seller contemplating when to sell your home, it will
increase payments. All real estate markets arebe prudent to keep an eye on interest rates as 2006
somewhat different, of course, but with higher interestprogresses. Rising interest rates could very well be the
costs, there is often a dip in real estate values tokey to how the real estate market is going to go, and
compensate, which means that you might get a lowerto when you'll get the quickest sale and best price for
price for your house as 2006 wears on than youyour home.
would if you put it on the market right away.Copyright © Jeanette J.
With adjustable mortgages becoming more and more