Quote:
Originally Posted by Nancy
If you are planning to stay in the market, then the timing of your sale probably isn't as critical, though the spring market is when there is the most activity, making it the easiest time to sell and buy a new place.
On the other hand, if you want to get out of the market, e.g. dumping an investment property, this may be the time to do it. I can't really read the market over the short term, I'm thinking the various stimulus programs and low interest rates will keep the market stable for a while, but one and two years from now, I believe the market will be down from where we are today. We aren't going to regain the 15% we've lost so far, not for at least a decade or more.
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Well said.
If you're hunting for your first home I'd hold off or if you're trying to dump an investment property I'd sell ASAP.
If you're selling your home to buy a new home in the same market then all things being equal timing isn't that important. Things like interest rates will also be an other factor. Variable and fixed rates are super low.