The Risks of Waiting to
Sell Your Home
Interest Rates May Go Up
Interest rates can’t be predicted, but waiting to sell is taking the risk that they may increase.
Your Home May Be Worth Less
With current market conditions and as prices continue to stabilize, your homes value may decrease with time.
Your New Home May Increase In Price
The longer you wait to sell your home, the longer you must wait to buy and that incurs the risk of increasing home prices.
Law Of Supply And Demand
If you wait to list your home you take the risk that more homes will be on the market. This greatly hurts you odds of selling because the greater the supply of houses, the less demand there will be for your house.
Repair And Lost Money
The longer you own your house, the more maintenance and repairs will be needed. With current market conditions, you may not recover the money spent on these updates.
Tax Changes
Waiting to sell your home may adversely affect your bottom line because tax changes may reduce your profit.
Political Changes
Changes in political parties can adversely affect the housing market. There is a risk that new policies and laws will hurt the housing market.
Cost Of Marketing
Marketing your home is the key to selling it for the highest price in a short amount of time. Waiting to list could mean that you suffer from increased marketing costs.
Lost Opportunity Time
It is much less stressful to sell your home on your own schedule than to be forced into selling under bad circumstances.
Double House Payment
It is best to list your home now since the time for it to sell may be longer than you desire. Waiting to sell may force you to buy your new home before your old one is sold. This brings the expense of paying two mortgages.
Lost In The Shuffle
The longer you wait to list, the more houses will be on the market. This will decrease public interest in your home and the homes marketability.
Job Stability
The economy is unpredictable and unfortunately job stability is not guaranteed. It is much better to sell your home now, when there is no pressure, than to risk selling it out of need.