Selling Property
REM #A796
By Ilyce R. Glink
Summary: A ThinkGlink reader is considering selling an empty lot and is wondering if now is the right time to sell property. Ilyce explains how to determine when to put a property on the market.
Q: We have 5 acres of bare land in North Georgia. It is paid for and we would like to sell it and pay off our mortgage on our house.
With the economy such as it is, would you recommending waiting to try to sell it? If so, what should we look for as an indicator that it would be the right time to put it on the market?
A: Even in bad markets, there are properties that sell. The right time to sell
is when there is sufficient activity in the area, or if you're willing to meet
the price of the few buyers who are out there.
Start by talking to a local real estate agent about what is selling and at what
price. Then, you can make a decision to either move forward, or wait until local
market conditions improve.
NOTE: Ilyce R. Glink's latest ebooks are "Credit Scoring Secrets" and "How to Find a Great Real Estate Agent," which are available at her website, www.thinkglink.com.If you have questions, you can call her radio show toll-free (800-972-8255) any Sunday, from 11a-1p EST. You can also write to Real Estate Matters Syndicate, PO Box 366, Glencoe, IL 60022 or contact her through her website, www.thinkglink.com © 2007 by Ilyce R. Glink. Distributed by Tribune Media Services
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