|
Would you sell a house in December, or wait until spring?
We have a small house that we bought as a rental, but we've decided to cash it out. After a huge renovation, its pretty much done. I could have it on the market by December.
Or, I could hold on to it for another 3-4 months and do some more work on it. My carrying cost is $1300 a month, and I'm pretty sure I can add $10000 in value if I hold on to it for 4 months.
Am I thinking about this wrong? I've always been told it much easier to sell in the spring, and it seems like the RE market is ticking up. I don't know, but the house might be appreciating $1300 a month at this point on its own.
Educate me older and wiser Pelicans.
|