Should I Wait To Sell My House?

Dear Tyler,

I live in El Sereno and I’m thinking of selling my home. Prices are still rising, so is it better for me to wait so I can get more money?

ANSWER:

That’s true. You can get more money if you wait and sell it for a higher price. But, don’t forget that after you sell, you have to move somewhere else! What are prices doing in those areas? If I had to guess, I’d say they’re rising quickly there, too.

Before you can really make a decision, you need to know where you’re going to move and what it’s going to cost. I can help you with that. And second, if you need to sell your house in order to buy another home, the longer you wait, the more expensive it gets.

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