Should I sell my property now? Should I sell real estate in 2015?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Should I sell my property now? Surely this issue worries a huge number of residents of our vast country. One way or another, the crisis in the economy and the uncertainty of buyers' intentions to part with their savings in order to purchase housing are frightening apartment sellers today, as a result of which the real estate market is "marking time".

It should be emphasized that currently there are no "cheap" and profitable offers for the sale of the choir, and what has "fallen in price" significantly is not in demand for the most part.

Real estate situation

If you are seriously concerned about whether to sell real estate now, then know that most of the owners of "good" apartments are in no hurry to bargain with potential buyers. At the same time, overpriced apartments continue to fall in price, which may eventually lead to some recovery in the market as a whole.

Profitable or not

Should I sell my property? It's 2015 now, so this question is really relevant.

Some owners of apartments for sale boldly declare:"Let's get back to you in six months and maybe I'll make a final decision." What dictated such behavior? Naturally, they cherish the hope that their apartments will rise in price after a certain period of time.

The question of whether to sell real estate now is of particular concern to investors. Of course, they are forced to constantly keep a "hand on the pulse" so as not to be the loser after the money has been invested in real estate.

Dynamics of the real estate market

The collapse of the ruble exchange rate could not but affect the mood in society, as it is one of the brightest indicators of the impending crisis. Against this background, prices began to rise. And, of course, the question of whether to sell real estate now has become of paramount importance. It is quite natural that the cost of apartments and houses should increase.

Experts note: over the past year, real estate prices have increased by an average of 10%, economy-class houses and apartments have risen in price by 15%, premium-class apartments - by 9%.

One way or another, but those who want to know whether it is worth selling real estate now, should understand that there is also a “reverse side” of the coin. Currently, the market is experiencing a decrease in activity, which is gradually transforming into a stage of “rest”. This is explained quite simply: Russians are wary of investing "their hard-earned money" in a house or apartment in such a difficult time. As a result, demand in the real estate markettoday is low. Thus, it is very difficult for the seller of an apartment to find "his" buyer today. It is not difficult to guess that over time, an increase in the number of offers will lead to a drop in prices.

Pros and cons

So is it worth selling real estate now or can we wait?

It should be noted that currently analysts have expressed several points of view on this matter, which are radically different from each other. What we will talk about in more detail later.

Sellers of apartments in Moscow and St. Petersburg can profitably sell real estate

Some experts confidently say that the dynamics of falling prices for apartments and houses is in its early stages, and it has not affected all Russian regions. If we talk about large metropolitan areas, then the cost of real estate in them, on the contrary, has increased, although not so significantly. It turns out that for residents of Moscow and St. Petersburg, the question is: “Is it worth selling real estate now - in 2015?” resolved. Of course, yes, otherwise you can simply miscalculate later.

Don't rush into buying a home

Another part of analysts is of the opinion that strong fluctuations will not affect the real estate market. Residential apartments, as before, will remain in the status of a "reliable" asset, which will later pay off "more than".

One way or another, but citizens who are interested in the question of whetherWhether to sell real estate in 2015, it will be interesting to know that the demand on the market will remain minimal, and even these individual buyers will not rush to buy a home. Thus, it makes sense to postpone the acquisition of an apartment or real estate. However, in any case, most people do not leave the idea that the property is a profitable investment. On the other hand, few people dare to accurately predict when the economic crisis will end. Against this background, many analysts fear a repeat of the 2008 scenario.

New property tax

Don't know if you should sell your property? In 2015, amendments to the legislation come into force, which introduce a new property tax. This fact is also an additional justification for why the demand for residential apartments has decreased.

What should potential home sellers focus on

Today, authoritative analysts of the Russian real estate market have developed several recommendations on whether to sell real estate in a crisis.

In their opinion, housing will rise in price, but not much - on average from 1 to 3%. It should be noted that the number of buyers for "mansions" of the business and premium class category has decreased, since the new property tax will be calculated taking into account the cadastral value of the property.

Don't have the slightest idea whether to sell your property now? In 2015, potential sellers of residentialapartments, you need to be mentally prepared for the fact that prices for apartments and houses will drop by 10-15% on average.

Instability in the Russian real estate market will prevail at least until the summer of this year.

Conditions under which it is advisable to sell an apartment

Experts have identified several conditions when it makes sense to sell residential apartments in a crisis.

Firstly, we are talking about a situation where the seller immediately invests in another property. Secondly, if a cheap apartment in a new building is for sale. Thirdly, if the seller urgently needs a large amount of money. It is also necessary to take into account the fact that one should not hesitate to complete the transaction: the maximum period is the first two months of the current year. In other cases, it is better to postpone the sale of a house or apartment, otherwise you may lose about 15% of the real value of the object.

Things to remember

A deal will look absolutely unprofitable today, under which the apartment will be sold, and the money received for it will be placed on a bank deposit, and the seller intends to use it after some time. In any case, a residential property is a stable asset, and after the end of the economic crisis, it will bring “real” profit, but the financial capital received for the sale may depreciate in a short time, especially against the backdrop of the constantly falling ruble exchange rate.

It should be emphasized that at present the "construction boom" in our country continues, and the demand for new buildings remains unchanged. At the same time, experts are confident that during the period of economic instability, activity in the secondary real estate market will be low. In any case, this does not mean that you need to try to find a buyer for your apartments as soon as possible - after the crisis, the situation will straighten out.

When deciding whether to sell real estate now, you need to remember one important thing: the market is cyclical, a recession is followed by a rise, and therefore the seller after the crisis has every chance to sell his apartment at a higher price.

Three postulates that keep the real estate market

There are several factors that determine the development of the real estate market:

1. A home based business determines supply and demand. Naturally, when there is no first, there is no point in working on the second. Any reputable re altor can competently analyze the situation and find out for himself what are the real chances of making a profitable deal. If an apartment owner is unwilling to sell their home for 20% below the actual value or even below cost, then an experienced real estate agent will understand that it is hardly worth spending time and effort on such a deal.

2. Work in the real estate market is also determined by causal relationships. In other words, a sharp decline in activity leads to a collapse in prices, so one should not expect a quick recovery in the market.

3. The real estate market is cyclical: a recession is followed by a rise, andthen comes down again. Given this factor, you can always roughly calculate when housing will become more expensive or cheaper.

Conclusion

Of course, everyone decides for himself whether to sell real estate. It is now 2015, in this difficult time from an economic point of view, one cannot fully rely on the statistics given on forums and portals. As a rule, they publish information that is beneficial to a particular person. Also, one should not absolutely believe the rumors, especially when it comes to a deal, the amount of which is estimated at several tens of thousands of dollars.

Each homeowner should understand that currently those apartments are selling well, which are impeccable in their main parameters and for which they ask for an “adequate” price.