When to Sell Real Estate
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 24 December 2018
⏱️ 10 minutes
🔗️ Recording | iTunes | RSS
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Summary
Is there ever a perfect time to sell real estate? Is there such a thing as trying to time the market? That's the conversation on the latest bonus call with Gretchen from North Carolina. Have a money question? Email me here. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in Apple Podcasts. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50
Transcript
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| 0:00.0 | Welcome to the Better Off Bonus Call of the Week. We're sponsored by Betterment, the largest independent online financial advisor. |
| 0:10.0 | Remember, you've got a couple of chances every week to get on the air on Tuesdays we do this bonus call and then after our longer show on Thursdays we've got your listener question of the week. |
| 0:19.0 | If you'd like to get on the air with us just send us an email. Ask Jill on Money. |
| 0:23.4 | Today we're talking to Gretchen. |
| 0:26.0 | All right, Gretchen, what's going on? |
| 0:27.6 | How can I help you out? |
| 0:29.3 | So my husband and I have been toying with the idea of when to sell our house basically so we bought in 2015 |
| 0:37.0 | We bought it for 245 and we owe about 209 right now. I know this is not what you're supposed to do but we're trying to time the market basically. |
| 0:48.0 | I love that. |
| 0:49.0 | So that we can sell and get the most for, you know, the most money for it. We tend to move around a lot and so we're |
| 0:57.8 | here in Charlotte for the next three to five years and so any, you know, after that, we don't know where we're going to go so we |
| 1:04.8 | don't want to be stuck with something that's underwater basically I got you what |
| 1:09.6 | do you think it's worth right now Gretchen so we asked our realtor to come over and she said just you know |
| 1:15.8 | ballpark number between 275 and 285 so two other homes sold in our community for |
| 1:22.1 | 285 and 286. Okay so let's homes sold in our community for 285 and 286. |
| 1:24.0 | Okay, so let's just say, let's say that it's 2 80, how about that? |
| 1:28.4 | Okay? |
| 1:29.4 | And so you got 70 grand of equity or so. |
| 1:32.3 | And what are you going to do when you sell this place? |
| 1:34.8 | Are you going to rent? |
| 1:36.2 | Yeah, I mean, we would have to rent. |
| 1:37.4 | We have to rent. |
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