The winter months have arrived and now is the time when questions arise from sellers about if selling around the holidays is worthwhile, if its a waste of time to try now or is the market will get better the longer they wait. The question to be asked back is, "Are you ready to sell?". Selling a home is a challenge for most not only emotionally but financially. If the purchase of a home was made less than ten years ago, it may not sell for what its worth making it hard to pay off the mortgage on the property.
If this is the case, short sale or foreclosure could be the only option. Consult with a professional and look into government programs that may be able to help with financial aspects of the sell.
If there are resources available to the seller to help pay the difference on the amount owed the question arises, "are you willing to pay the additional amount so you can sell and move on?"
Consider the condition of your home. Are there a lot of repairs that need to be made before you are able to sell? Use your realtor, inquire of how much they feel it would take to make the home in top selling condition. In most cases, sellers don't put their home on the market during the colder months leaving the "inventory" of homes lower than normal which gives the homes on the market an advantage.
Some sellers may choose to wait until Spring to place their home on the market and use the winter months to get their home in tip-top condition. You want your house to look great but if you are are ready to sell and your home is in good condition, go ahead and move forward!
While both buyers and sellers have their reasons for waiting to buy or sell (buyers are waiting for a better inventory but a steal and sellers are waiting for the perfect time to sell and still receive what their home is worth), there have been many experts stating they feel the biggest of the the price declines in the market are behind us.
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