Most agents will say, sell NOW! – Hurry before it’s too late.
The bottom line comes in the way of what Lu would like to do later.
Maybe they want to sell to move up. In that case, it is mostly a wash in all cases.
They will be selling for the same gain they would achieve, that is in any market.
Some factors to consider will be the best time of year to sell.
History dictates the best time to sell is the spring in the Santa Clarita Valley Cities.
Listing their real estate in late February and then looking for a property to move too.
Other things to consider is if their home is FHA approved or VA approved. The 3.5% down loan being FHA and the 0 Down VA buyer can be very constrictive as far as condos and townhomes.
Are they still approved? Maybe those complexes are not FHA or VA approved. This would create a hinderance with regard to selling for top dollar.
There are only a handful or condos/towhomes that are FHA / VA approved.
When it comes to selling real estate, there are many factors to consider.
With single family residences, if they are in any simbilance of shape, they are good to go for both loan programs.
Conventional, the 20% down loans, work for mostly all real estate re-sale properties.
If they are selling a Canyon Country Townhome, the thing to check will be whether or not they are FHA or VA approved.
If that gets a green light, they may be good to go for a Single Family Home purchase.
Depending on the applicable inventory that fits within their particular loan amounts and strategy.
As we tell our clients, it depends. It depends on what you are wanting to do with your real estate and your aspirations.
Enjoy our latest blog post and thanks to LU for asking the question!