If you follow the Orange County Real Estate market, it will most likely remind you of classic Westerns and the example of what the wild, wild, west must’ve been like during exciting times in our nation’s history. Thanks to rising home values and the almost daily reports of some homeowners being able to sell their homes for far more than their asking price. With rapidly increasing prices, the average homeowner in this area commonly asks us “why should I sell my home now, if home prices are going to continue going up?” The answer to this question can be broken down into the following points:
We Accurately Can’t Predict The Future
Even though economists and most Realtors would like to tell you that they can predict what the Real Estate market across the US or in Orange County will look like in coming months, that’s not entirely possible. Due to a variety of factors play into the Real Estate recovery like: jobs, mortgage interest rates, trade or inflation and any of these factors can change at any time, thus affecting the Real Estate market.
Home values may be going up now but, that doesn’t mean that home prices in Orange County will continue going up three months, six months or even one month in the future. That’s why it’s important to sell your home now because there’s nothing better than taking the opportunity to “strike while the iron is hot” instead of letting a potentially great opportunity pass you by.
What Is Your Personal Situation?
If you’re a home owner in Orange County and you’re planning on selling your home now, this decision shouldn’t be based upon the fact that home values are going up, it should also be based on the following factors that you might be experiencing in your life right now:
- A you planning on relocating?
- Do you have to sell for personal reasons? Example: marriage or death of primary income earner.
- Was your mortgage underwater and you want to take advantage of great economic conditions to make a profit when you sell?
Regardless of what your personal situation is, we can help; contact Fred Sed & Associates today by calling us for a free Real Estate consultation at (949) 272-0125.