A recent survey by Redfin examined home seller moods in 20 metros, including Washington D.C. and Baltimore, MD. The survey targeted homeowners who would like to sell their home, but have not entered the market.

Here are a few insights from the would-be home sellers:

  • 80% believe home prices will be higher in 1 or 2 years.
  • 13% believe now is a good time to sell a home.
  • 49% are concerned about today's economy.
  • 32% intend to list their home for more than the market suggests.

However, 61% of the respondents believe that now is a good time to buy a home!

This is where a bit of logic has to be realized; you can't expect to get top dollar for your home next year, while paying today's prices on your next home. You must also consider the escalating scale of closing costs, commissions and taxes, along with possible changes to mortgage interest rates and economic conditions.

Trying to time the market is not a valid strategy for selling your home. Nor will you get top dollar by pricing your home above the market. Tactics like these tend to backfire!

If you are a homeowner in Wilmington or Newark, when should you sell your home?

  • When you need to sell. This could be due to a personal hardship, life event, or circumstance.
  • When you want to sell. Reasons like wanting a larger home, moving closer to family, or a new job.

It isn't wrong to make a profit on the sale of your home; but it's wise to make sure your expectations are based on market facts, not speculation. Also, your reasons for selling will direct your sense of urgency and therefore your marketing strategies. This is where I come in!

As your professional Wilmington and Newark, DE real estate agent, I understand that selling your home is a personal decision. This is why I provide professional guidance with compassion, so that you can make intelligent, informed choices about your next move!

It all starts with a simple phone call. Let me know your home selling goals, and I'll tell you how I can help. From there, we do a comparative market analysis and talk about numbers. Any decision to sell, or stay, is yours to make.

Remember too, my experience in short sales and foreclosures can help you if you are struggling with your mortgage. It's never too early to talk to me, so please contact me today with any questions you may have!

Katina Geralis
Wilmington, DE Real Estate Expert
Keller Williams Realty
Wilmington Real Estate
Wilmington Homes for Sale
Visit My Website
Contact Me
Find me on Facebook
Follow me on Twitter