Question:
“I had my home on the market in 2011, but it didn’t sell because no one would pay what it was worth. Do you think it’s a good time to sell now?”
Answer:
Wikipedia, the ultimate source of all knowledge, defines value this way:
Fair market value (FMV) is…what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.
Put simpler, value is what buyers are willing to pay. So the truth is more that you weren’t willing to sell your home for what buyers were willing to pay.
And that’s perfectly fine. No one says you have to sell your home if it’s worth more to you than what people will pay you for it.
Here’s the good news:
The market is “en fuego” (on fire) right now. Values are up significantly and homes are selling for much higher prices than in 2011.
So yes, it’s a good—even a great—time to sell now!
