"Is it the Right Time to Buy or Sell"

Should I buy now or wait?  Should I sell now or wait?  These are the $64,000 questions ( or maybe the $164,000 due to inflation).  After a lack luster spring and summer buying season, we see that the number of home sales have decreased, the number of new listings have slowed and the prices of homes were down slightly from June to July 2014.  These are North San Diego County statistics based on the MLS Homedex Report for August 2014 (located on my website).  So if you are buying, this is a great opportunity to take advantage of the very low interest rates of 4.25% and home prices that in most cases may be soft and seller's more willing to negotiate to accommodate the sale of their home. In other words, for buyers, this is a great time to buy.  For sellers, you are facing some important decisions.  #1, why do you want to sell and is it the right time to sell?  #2, what is my home worth?  #3, what do I need to do to capitalize on my home's desirability?  I will attempt to answer each one of these questions; #1, You must answer this question yourself and in doing so, make sure you are confident in your decision.   In other words don't be half hearted or double minded.  #2, Next and almost as important as #1, find out the real value of your home, not the Zillow "Zestimate" which is most often skewed by the cost per square foot method, which does not take all factors into consideration.  Also and very important, appraisers don't use this method to put a value on your home.  They use the comparable sales method.  To help you place a value on your home check with a local Realtor, someone who has experience and some sales in your own neighborhood.  In today's market your home is most likely worth what the last home that is similar to yours sold for, especially when the sale took place within the last 3-6 months.  Now if you home has things like a view or a pool or some other special feature, your local Realtor should be able to place a realistic value on those items.  Sometimes, these items may not raise the value so much as they increase the desirability of your home to potential buyers.  So all that being said, get a local, experienced Realtor to help you with value.  #3, What do I need to do to bring the desirability level up, without breaking the bank in the process.  Here a Realtor can also help you with an objective point of view toward items in your home that could use some updating, polishing, and general maintenance to improve the overall appearance of your home and capitalize on the desirability of your home.  Most times, this can be accomplished for quite a bit less than you expect and in the process bring you back 3 to 4 times the amount of the investment to improve your home.  If you have any questions or would like a free evaluation of your home, please contact me at 760-533-8326 for a free no obligation consultation.