For sellers · MN
Should You Sell Now or Wait?
Put in your own numbers and see what waiting costs, and how much prices would have to rise to make it worth it.
Not sure of a number? Your mortgage statement and property tax statement have most of them. Leave a field at 0 if it does not apply.
What waiting costs you
$8,800
About $1,467 a month for 6 months. That counts mortgage interest ($667 a month), taxes, insurance, dues and upkeep. It leaves out principal, because that part stays your equity.
Your break-even
2.2%
To come out even, your sale price would need to rise about 2.2%, or $8,800, by the time you sell. We do not predict prices. This shows what the market would have to do for waiting to pay off.
Four honest ways to read this
If you have to move by a date, plan back from that date. The number above matters less than the deadline.
If you are buying your next home, the price of that home moves too. A higher sale price later often comes with a higher purchase price.
If repairs would raise your price, waiting to finish them can make sense. Compare the repair cost and the waiting cost to what we expect the work to add.
If none of those apply, it comes down to whether you believe prices will rise more than your break-even. We can show you recent sales near you so you decide with real numbers. See what your home is worth.
Lesley The Realtor · Bridge Realty. This calculator is general information, not financial, tax or legal advice. It does not include selling costs, which apply whether you sell now or later.