What to Do?

Well, a few weeks since our last commentary, and I apologize. Part of the excuse was Paris was too beckoning to us. But we're back and here we go.
Got a question this past week from a long time client. She wanted to know why she should consider selling know if many national news stories indicate prices are dropping and, in some cases, hint at a second dip toward the bottom for the housing market.
My reply was simple. Nationally, there is a fair amount of evidence to support such a case. However, as always, real estate is more than anything else a case of Location, Location, Location. In our case, Location is Marin County--nowhere else! In its weekly stats showing sales for the County as compared with the same week one year ago, the I-J showed total home sales were pretty flat compared to a year ago. But average prices were up nearly 20% on the same comparison. This was for single family homes. Condos did show a drop, but the price stats on condos, overall, have frequently lagged those for single family homes.
So where does this leave you as a potential seller? Well, as you've seen me say many times here, with interest rates continuing at or near historic lows and lots of buyers out there with cash in hand and looking, this is definitely a good time to consider putting your home on the market.
One thing to consider about this: it's now mid-June. As we ease into the middle of summer, many folks go away for vacation, leaving their search for a little while. You may want to consider calling us to meet and give you some good ideas to help you prepare your home for the market with the idea of putting it on the market immediately after Labor Day. Homes will sell in July, but in August, the sale rate drops way off, rebounding really with a vengeance after the end of summer holiday. So, have a question? Thinking of selling, but not sure how or when? Give us a call! We'll gladly help you through the issues--and get you a great deal!