Waiting For The Top Of The Market

by Richard Hebert Jr. 408-583-3789 Realtor® Keller Williams Realty Silicon Valley www.innexussis.com.

Waiting for the top of the market to sell means waiting for the top of the market to be past. 

THEN WHAT? 

Everyone will sell, sell, sell!

     Sellers will come back in the market, buyers will negotiate lower prices and possibly hold back to wait and see how far prices will fall before buying again. 

     Just a few months of waiting may save buyers hundreds, even thousands of dollars each month, assuming interest rates climb- an offset that negates carrying cost of smaller mortgages.

     Real estate is a long-term hedge against inflation, but a flood of printed money sitting idle on banks' balance sheets may be loosed on financial markets soon- and find a way into the economy, causing inflationary spike, perhaps even hyperinflation results. 

     Currently, an excellent opportunity exists to sell your home in Pruneyard Dry Creek very quickly. Reason being, a few of your neighbors are convinced that adding $100/sf to asking price is feasible and plausible. So far this season, the market refuses to accept that notion. Overpriced houses in our neighborhood are not selling at the same pace and rate as occurs throughout Silicon Valley. Overpriced houses in our neighborhood sit unsold beyond a week on market because of overpricing (over 30 days on market), not because the neighborhood is no longer desirable. Priced correctly, your house becomes the value proposition that attracts multiple offers from ready, willing, and able buyers. The unsold, overpriced houses in our neighborhood become your best selling tool, perhaps even the best marketing strategy that buyer agents can use to persuade their buyers that a good deal is imminent, by buying your properly priced house.

    Everyone would like to be able to call the top of the market correctly. When that occurs, and it will occur, it will be too late to get top dollar for your house. If you are ready, willing, and able to sell your house in Pruneyard Dry Creek, now is the best time, not later. I can help. List your house with me and I will deliver multiple offers above asking price within 10 days on market; if not, cancel my listing.

Additional reading on the top of the market being imminent, if  not here already: here.