Will my house be worth more in the spring?
Often times, sellers wait for the “Spring Market” to put their house up for sale, since usually buyers are more apt to look, your house looks great with the spring blooms and the winter doldrums over.
The end of 2010 into the Spring 2011 home sales market is looking a bit different — and not in a good way for home sellers.
In reading an article from Keeping Current MattersTM, where the writers reference multiple trend reports, the recovery seems much more likely to be in 2012 than 2011. Once the paperwork is cleared with the banks, more foreclosures will flood the market — with a number coming on that had been held up before. Short sales are still on the rise, which hurt house values.
Economist and trend valueists still show 2011 in a lower curve, expecting prices to drop even more-so in the next 12 months.
So what does this mean for Timonium homes for sale?
Sellers need to price their home correctly to sell within 60 days — before the market drops further!
Sellers should also consider the fact that Timonium homebuyers who are looking right now, are very serious — not just looking for the sake of looking! So if you are a seller considering selling, get it ready, and get it on the market as quickly as possible. Houses tend to look beautiful around the holidays with decorations!
Contact me for more information about selling a Timonium house. I am happy to help!
[…] There also is a glut of houses in foreclosure, waiting to be released for sale. Banks have estimated these to be in the millions. This year, we do not expect to see housing prices rise in the spring as in the past, as I discussed in my post,”Will My Timonium House Be Worth More in the Spring?” […]