Comments on: Should I sell or should I wait? http://teamtapper.com/2009/01/16/should-i-sell-or-should-i-wait/ San Mateo, Burlingame and Hillsborough Real Estate Wed, 28 Jul 2010 18:29:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: trade futures http://teamtapper.com/2009/01/16/should-i-sell-or-should-i-wait/comment-page-1/#comment-1521 trade futures Mon, 25 Jan 2010 14:35:42 +0000 http://teamtapper.com/?p=542#comment-1521 These are two questions I hear a lot these days. In order for me to answer these questions, I must ask a couple questions myself. First off, if you sell your home, what’s your next move? If you are planning on buying another home or property you’re going to benefit from this market on the buying end. In some cases, you may be buying in a different market that has been hit harder. To address the second question, in regards to renting out your property and waiting for the market to go back up; I would ask what’s your time frame? If you are only planning to rent it out for a year or two, then you probably won’t see the market appreciate much. These are two questions I hear a lot these days. In order for me to answer these questions, I must ask a couple questions myself. First off, if you sell your home, what’s your next move? If you are planning on buying another home or property you’re going to benefit from this market on the buying end. In some cases, you may be buying in a different market that has been hit harder. To address the second question, in regards to renting out your property and waiting for the market to go back up; I would ask what’s your time frame? If you are only planning to rent it out for a year or two, then you probably won’t see the market appreciate much.

]]> By: Mac http://teamtapper.com/2009/01/16/should-i-sell-or-should-i-wait/comment-page-1/#comment-1266 Mac Tue, 18 Aug 2009 02:42:25 +0000 http://teamtapper.com/?p=542#comment-1266 Hello Kimberly, First off, Congrats on your new home it sounds wonderful. In regards to your home in Maui, I would say that prices aren't coming back to those levels of 2005 anytime soon. I also would seek advice from 3 local realtors in the area. Every area varies so much, your local realtors should have a pulse on the market. In regards to renting your home, just make sure you have an excellent property management company and find good tenants, because you are going to be so far away. I've spoken to landlords before who insist that it is important to be at the most, an hour away from their properties. Renting can be great, but bad tenants can make it miserable. Good luck and please feel free to send us more questions. Hello Kimberly,

First off, Congrats on your new home it sounds wonderful. In regards to your home in Maui, I would say that prices aren’t coming back to those levels of 2005 anytime soon. I also would seek advice from 3 local realtors in the area. Every area varies so much, your local realtors should have a pulse on the market. In regards to renting your home, just make sure you have an excellent property management company and find good tenants, because you are going to be so far away. I’ve spoken to landlords before who insist that it is important to be at the most, an hour away from their properties. Renting can be great, but bad tenants can make it miserable. Good luck and please feel free to send us more questions.

]]> By: Kimberly Weigert http://teamtapper.com/2009/01/16/should-i-sell-or-should-i-wait/comment-page-1/#comment-1264 Kimberly Weigert Mon, 17 Aug 2009 18:36:44 +0000 http://teamtapper.com/?p=542#comment-1264 Aloha, We currently own a nice home in Kihei, Maui, HI. Last April we refinanced and took out $200,000 and purchased our dream home in Naples Florida on 3 acres. We now owe $475k on our Maui home. The Maui home was built in 1985, 3 bedrooms, 2 bath, huge den with unobstructed views of Lanai and West Maui, a huge deck over the den with unobstructed views of Lanai, West Maui and Haleakala. Large lot totally fenced in. 10 minute walk to beautiful Maui beaches. We also have a 500 square foot 1 bedroom 1 bath seperate ohana with a 30 foot deck and it's own electric meter and address. Anyway, my question is ..We want to get off this rock and move into our home in Naples. Should we just sell here and move to FL debt free or rent the Maui house out and wait till the market gets better? How long in your opinion till the market recovers? Will it ever go back to the 2005/6 prices. Our home was appraised at 1.4 million in 2005. When we refinanced in April the appraisal came in at 750k . We know we could rent out the main house for around $2,200.00 a month and we already get $1,200 for the ohana so our mortage would be completely covered. It's just hard to oversee a house in Maui from Florida. Aloha, We currently own a nice home in Kihei, Maui, HI. Last April we refinanced and took out $200,000 and purchased our dream home in Naples Florida on 3 acres. We now owe $475k on our Maui home. The Maui home was built in 1985, 3 bedrooms, 2 bath, huge den with unobstructed views of Lanai and West Maui, a huge deck over the den with unobstructed views of Lanai, West Maui and Haleakala. Large lot totally fenced in. 10 minute walk to beautiful Maui beaches. We also have a 500 square foot 1 bedroom 1 bath seperate ohana with a 30 foot deck and it’s own electric meter and address.

Anyway, my question is ..We want to get off this rock and move into our home in Naples. Should we just sell here and move to FL debt free or rent the Maui house out and wait till the market gets better? How long in your opinion till the market recovers? Will it ever go back to the 2005/6 prices. Our home was appraised at 1.4 million in 2005. When we refinanced in April the appraisal came in at 750k . We know we could rent out the main house for around $2,200.00 a month and we already get $1,200 for the ohana so our mortage would be completely covered. It’s just hard to oversee a house in Maui from Florida.

]]> By: Mac http://teamtapper.com/2009/01/16/should-i-sell-or-should-i-wait/comment-page-1/#comment-809 Mac Wed, 06 May 2009 21:55:10 +0000 http://teamtapper.com/?p=542#comment-809 Tom, your correct in realizing that every situation is different. If you feel its best to wait right now then continue to rent, but ask yourself this; how long will rates be this low? I thank you for taking interest in our blog and would encourage you to contact us with questions when you do start looking. Tom, your correct in realizing that every situation is different. If you feel its best to wait right now then continue to rent, but ask yourself this; how long will rates be this low? I thank you for taking interest in our blog and would encourage you to contact us with questions when you do start looking.

]]> By: tom@spread betting http://teamtapper.com/2009/01/16/should-i-sell-or-should-i-wait/comment-page-1/#comment-797 tom@spread betting Tue, 05 May 2009 08:42:16 +0000 http://teamtapper.com/?p=542#comment-797 I guess the moral of the story is you can't give blanket advice about things like this, there are too many variables and it really depends on your situation! One thing's for sure, my wife and I are 100% sure now isn't the time to buy, we're holding off for the time being and continuing to rent - even though our landlord has put the rent up again! My guess is its a good time for property owners to rent out at a time like this ;) I guess the moral of the story is you can’t give blanket advice about things like this, there are too many variables and it really depends on your situation! One thing’s for sure, my wife and I are 100% sure now isn’t the time to buy, we’re holding off for the time being and continuing to rent – even though our landlord has put the rent up again! My guess is its a good time for property owners to rent out at a time like this ;)

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