Buyers or Sellers Market
 

I read different viewpoints, is this a buyers or sellers market in TV?

Are you, a buyer or a seller?

I’d say it’s a buyer’s market right now. Lots of homes sitting on the market for a long time before selling. Seeing price drops on both new and resale homes.

In the last 6 or so months as interest rates have gone up, the value of most houses in the villages has gone down.

IMHO that makes it a buyers market now but for how long?

Either depending on how you look at it. If you buy an overpriced home because you did not do your homework then it’s a sellers market. If the seller of the same overpriced home is still hanging on to it in three months and not marked the price down the it’s a buyers market? Oh, and those higher interest rates the buyer is waiting to come down and has no control over?

That’s the question. I’m thinking of selling, so what is the right time to put it on the market.

Overall, I still believe it's a seller's market in TV. However, it all depends upon the type of house. If you're looking for a patio villa up to a 3/2 designer with no pool, view or prime location, I feel the buyer has the uppper hand. Anything else, the seller commands the price.

Circumvent Sell an Owner
 

If you do For Sale By Owner, you can reduce your selling price up to 5% without losing any money. The aggressive approach usually has your home sold much quicker. Use Zillow or Homes for a platform so that it is visible on the internet. Most buyers utilize Zillow in one form or another during a purchase phase. Title companies for closing abound around here.

Unsolicited, unprofessional and free advice, is sometimes worth exactly what you paid for it ... usually, it costs you money.

Depends.

Nothing wrong with For Sale By Owner
 

2 in our neighborhood over the past 4 months have sold their homes this way. There is nothing wrong with trying. It saved them 10s of thousands of dollars. The realtors were charging 6 percent! Give it a try, if it doesn’t work after 30 days, turn to a realtor. It’s worth the boatload of cash. Many have gone this route.

We are listing our home for sale tomorrow with TV and I'll let you know how it goes regarding the market.

Hope you are relocating within TV.

Quite a few homes went up for sale in Richmond at or a slightly after the one-year mark - most sold quickly with a hefty profit made by the seller. There is one home near me however that has been on the market for about three months - but the owners have way over-priced the home, and have already taken one reduction.

No Shooter, we are heading back up north for several reasons, nothing to do with anything negative here other than the heat and humidity lol.