[quote=SD Realtor]Now if you are attempting to be a real estate market timer then you may want to consider selling. It was not hard to forecast the previous crash. The frenzy that we are seeing now is not going to last, however it is not going to be a precursor to any sort of crash either. If you think there will be a substantial depreciation event in the near future then sell now. That is a no brainer. I do not, so I would not.[/quote]
SDR, on average, what percentage is the transaction cost for $300-400K home? I cannot image being a market timer in real estate given the transaction cost. I am comfortable selling stock if I think it is 20% over-priced, but I am not that comfortable selling real estate at the same over-price ratio, given the transaction cost (including agent commissions, closing costs, repair costs, etc).
