Should I Sell Now or Wait?
Compare your net proceeds from selling today versus waiting, factoring in appreciation and carrying costs.
Inputs
Mortgage, taxes, insurance, maintenance combined
Net Loss from Waiting
-$15,994
Net Proceeds Now
$455,000
Projected Value Later
$927,374
Carrying Cost
$42,000
Break-Even Appreciation
4.81%/yr
Recommendation
What This Means
If you sell today, you net $455,000 after 5% selling costs. Waiting 12 months at 3% annual appreciation projects your home at $927,374, but carrying costs of $42,000 eat into the gain. The net loss from waiting is $15,994.
RAZZ Insight
Waiting costs you money at these carrying costs. Your break-even appreciation rate is 4.81% annually, meaning the market would need to outperform 4.81% just to make waiting worthwhile. In the current market, that is a high bar.
Results are estimates only and may vary based on lender policies, market conditions, and individual circumstances. Consult a mortgage broker or financial advisor for accurate figures.
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