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Are You Waiting for the Market to Improve?

The Crofton real estate market may be sluggish, but it’s NOT dead. 

Eight homes went under contract in Old Crofton last month (July 2010) and twenty more went under contract in other areas of the community.  Five of these 28 homes have already settled and another twenty-one contracts are either firm (no contingency) or contingent without a kick-out.  Only two are contingent sales with a kick-out.  So let me ask a question:

Family brushing teethAre you…

Dreaming of a retirement home by the water?

Feeling cramped in your first home, now that you have three children?

Tired of sharing the bathroom?

No longer able to keep up with home maintenance?

 

If you’re postponing a home sale and move because of today’s real estate market in Crofton, listen up…

NO ONE is predicting a turn-around any time soon, so who knows how long you might have to wait for that. Yet home-buyers are still relocating to this area for BRAC-related jobs and other reasons, and today’s home prices may be the best we’ll see for a long time to come.  It’s impossible to guess when we’ll see steady improvement in home prices and sales.

True, the housing inventory (homes for sale in Crofton) is pretty high right now, and only a small percentage of them are selling.  But those homes would not have sold if their owners had never put them on the market… if they had waited for things to turn around.

Bike Race 000003572303

You have to list your Crofton home to sell it, just like you have to pedal to make a bike go.  Think about it.

Maybe I can help.

Waiting for the market to improve before you even try to sell your Crofton home is not going to get you any closer to your goals:  that home on the water, the larger home, or the over-55 condo.

Posted originally by Margaret Woda at Maryland Real Estate Blog

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