Nov 14 2008
Hurry and sell or hold out — 'tis the question
…..when is the time, is the market dropping, will the new election create positive motivation….???
I wish I had the real estate crystal ball, but this is a unique market.
Do you need to sell? Retiring, relocating, needing to reduce living space, second home, different schools….what is your motivation factor?
If you can afford your mortgage and the home meets your needs, I'd recommend you stick it out. Food, shelter, and transportation are key life needs. If you can stay where you are and it is financially affable for you to do so, why sell? Real estate is an investment that gains value over time….typically 5 to 10 years. Panic selling your principal residence is ill-advised if you are just trying to circumvent the market.
