Posted on Wednesday, March 05, 2014
Financially this may be a great time to sell after weathering the most recent real estate storm, but how many times have we seen people cash out and sell their homes and capture some money on a real estate upswing only to search in a market of short inventories and no desirable options for their new place. It can feel like someone stole your house!
In early January we looked at these rising seller’s markets and shared some thoughts on selling your property. Let’s take a look at how things now stand in March and how things may have worked out.
The question we ask – should you be selling your place anywhere nationally or especially where we live in Naples right now? This is a question we often receive from our friends so we thought we would take a moment and share a few thoughts with all of you – our 6,000+ monthly social network followers.
For most of us property ownership is about living not investing. So if you like your place stay with it and enjoy life. Too often we have seen sellers cash out, then go out on the search for something better. Just be careful what you wish for. Hah! Betcha you thought a real estate team like Naples Best Addresses would advocate selling. Gotcha. Live well and help others – this is the mission.
Secondly if you do want to sell know where you are going next. Sounds obvious but sometimes forgotten. When you sell your place – actually your home – and go looking in a market of short inventories you may not like what you see. Don’t just sell because the market is back. Your property is not an investment it is your home.
Still tempted? Prices are going up maybe I really should wait. Hmmm. Here is something to consider. Who knows where prices will go next year but best guesses look like a another increase. But … the place you are moving to is also rising in price probably. So unless the target place is a lot more money maybe a “rising price” is not much of a motivator. Get with the Naples Best Addresses team to look at trends for your particular property – type, location, condition all really matter and prices will differ. We are forecasting a modest price rise in Naples again (see http://nangoebel.wordpress.com/2013/12/27/real-estate-prediction-2-rates-will-rise-modestly/) – with some disclaimers – so unless you are going somewhere more expensive you might hold on for a while.
Where does that leave a potential seller? Understand what problem you are solving for. Downsizing? Great idea for some. Found the “Forever” place and want to move? Great Reason. Know where you are going, love the new place you are going to and remember living well is the answer. Don’t just sell to make a profit or jump on the latest up market craze. This is your home.
If you would you like to know more about Naples, Florida lifestyles, our festivals and some great things to do here just give us a call at 239.595.3921. If you want to rent or sell or buy here one day you might download a copy of our eBook Understanding Naples Real Estate https://www.naplesbestaddresses.com/offer/
Hope to meet and talk with you soon,
Mark Goebel PA & Nan Goebel PA
Co-Founders Naples Best Addresses Team
Coldwell Banker Mark Goebel, PA and Nan Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 239.595.3920 NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier County, The Race For The Cure Citrus Ride, The Seacrest Country Day School and The Naples Winter Wine Festival.
Some of the data relating to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Contact us to learn more about Naples real estate trends, the florida rental market, Naples design ideas like coastal contemporary and transitional designs or just get a feel for the place like Naples Florida population trends.