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Health & Fitness

Blog: Carefully Consider the Timing of Selling Your Home

A local real estate market change is looming, it is up to you to be able to take advantage of the current market conditions...

Nine single family home rentals had to lower their rental prices this week in Simi Valley, in one day.  I found about 40 active rentals on the market last week just in Simi, the rental flood is in progress... So, what does this mean if you want to sell your home? 

When people/investors with equity can no longer rent out their home(s), what's their next step, 1) reduce rent, if that does not work for them then, 2) sell the property... If they sell their properties all at the same time, this will increase inventory, great news for buyers, not great for sellers.  If you increase inventory even by 20 homes on the market, how will this affect your sales price?  Will multiple offers and over asking prices go away?  

If your goal is to sell in our hot seller's market, do not put it off until tomorrow...Consider your alternatives now, we know what it looks like today, a strong seller's market, due to simple supply and demand...The next month or two conditions could be changing.  Add that to the number of sellers we talk to that say they want to wait until summer to sell, and this will add to those number of homes that potentially could be hitting the market.

Find out what's happening in Moorparkwith free, real-time updates from Patch.

If you are a buyer, then happy buying, this potentially is a great opportunity for many out there still attempting to get the great low interest rates!

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