I've never sold real estate before. I still own the first home I bought in 1992. I will be putting my 2nd home on the market in 2012 or 2013 because the property isn't right for my situation any longer. I bought it in 2007.
I could make all the repairs and improvements I think it needs in time to put it on the market in 2012. I am going to replace the roof and paint it in 2012. I assumed 2013 would be better and give me more time to make improvements. I hear terrible things about the market now and assume it won't be better in 2012. I might be able to rent it in 2012 and cover my costs.
But now I've begun to question how I can assume 2013 will be better than 2012 re the market, and aren't I just risking having to make more repairs if I hold onto it longer? And it might take two years to sell.
If it helps to know, it's a three season cabin on 3 acres in SW Vermont in an area loved by hunters, a couple miles from two lakes, and half an hour from skiing. It's in very good condition, solidly built, and though it's 3 season it has a heater and is well insulated.
Any thoughts or advice? I've never done this before and could use some feedback.
Thanks!
I could make all the repairs and improvements I think it needs in time to put it on the market in 2012. I am going to replace the roof and paint it in 2012. I assumed 2013 would be better and give me more time to make improvements. I hear terrible things about the market now and assume it won't be better in 2012. I might be able to rent it in 2012 and cover my costs.
But now I've begun to question how I can assume 2013 will be better than 2012 re the market, and aren't I just risking having to make more repairs if I hold onto it longer? And it might take two years to sell.
If it helps to know, it's a three season cabin on 3 acres in SW Vermont in an area loved by hunters, a couple miles from two lakes, and half an hour from skiing. It's in very good condition, solidly built, and though it's 3 season it has a heater and is well insulated.
Any thoughts or advice? I've never done this before and could use some feedback.
Thanks!