Now is the Time to Sell – Los Angeles Times
Posted on 05 January 2011
If you have sellers that are “on the fence” about putting their home on the market and want to wait it out for a few months, send them this article from the LA Times.
Housing industry consultant Steve Harney says that prices may drop 5-8% as banks unload anywhere from 3 to 8 million foreclosures in the second quarter of 2011.
But here is some good news:
“Harney is among those who believe that the worst is generally over for the market, and that the inventory mess and lending issues will work themselves out in 18 months or so as pent-up buyer demand begins to reassert itself.
Meanwhile, he said, selling earlier this year will probably net a better return than late.”
Click here to read the complete article.