If you are living in the best investment of your lifetime, you had better be willing to sell before you lose the opportunity to cash out. But how can you know? Are there signs that the market has peaked?
Take this test. Print it out and fill in the boxes.
| Is Your Home Overpriced? | ||
| Ten Features of a Good Investment Housing Market | ||
| Yes | No | The more "yes" answers, the better |
| Could you rent your home for more than a new buyer would pay for mortgage, mortgage insurance, and taxes? | ||
| Are there relatively few "For Sale" signs for this time of year? | ||
| Are there tight restrictions on local building? | ||
| Are the local public schools filled? | ||
| Is crime in your town relatively low? | ||
| Is your neighborhood popular with couples ages 50-65? | ||
| Is your home 1900 to 2300 square feet? | ||
| Is it one storey? (Storage basement is OK.) | ||
| Does it have 3 bedrooms and 2 baths, minimum? | ||
| Are local malls fully rented out? | ||
If you want a more detailed explanation for the "yes" answers, click here.
If you are interested in real estate as an investment, this website offers a real estate department and a specialized question & answer forum on real estate.
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