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| *The Commerce Journal>>>Renting & Real Estate |
At what time can I able to sell my home without any loss? |
bought a new home for 360k and paid 20%down. if i sell after/around 3 years...can i able to sell for the same price what i bought it for? i am not expecting any profit but i am happy if i get the same price what i bought it for...thanks This home is in alpharetta in North Atlanta. is there anything special about your area like new jobs ? Is there anything special about your current home that others in the area can not offer ? Unless there is something special the entire country except for a few small areas is going to see many price corrections. Its all going to based on the ability to pay the payments based on the local employment since the funny loans have disappeared. Only time and the market will be able to tell you that. I suggest that you form a relationship with a knowledgeable local Realtor. Have him or her give you updates on local market conditions so that you know when similar homes start to sell at the price level you require. Perhaps the Realtor can find a buyer at the price you require.when you are ready to sell. Whats the market like in your area? Home Values Normaly go up every year not down. Your Tax Bill should reflect that. House do not go up or down in a very steady fashion. You will need to evaluate the market from time to time in order to tell this. You could try listing it now, and see what happens. Atlanta is in the 10 city index used for the S&P Shiller 10 City Index, but is hardly one of the harder hit markets right now. |
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