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The current real estate market has been booming for the last 5 years and there is still demand for properties, though the market has slowed for both rental and sale analysis of the area’s job market shows a rise in unemployment and stagnant wages, though living costs are still rising. For the last few years the area has welcomed influx of new residents, but this has almost stopped as job opportunities decline. A real estate broker has been asked by a homeowner whether to sell now or wait until market goes higher in the net year or two. Give the facts, what course of action would a prudent professional recommend to the seller? Selling the property now, as the market appears likely to adjusted downward Renting the property until the market peaks in a few years, then selling it Holding the property for another year, as the market runs in seven year cycles so further appreciation can be expected Holding the property until it reaches the level of appreciation the seller is seeking, as the market will continue to appreciate

The current real estate market has been booming for the last 5 years and there is still demand for properties, though the market has slowed for both rental and sale analysis of the area’s job market shows a rise in unemployment and stagnant wages, though living costs are still rising. For the last few years the area has welcomed influx of new residents, but this has almost stopped as job opportunities decline. A real estate broker has been asked by a homeowner whether to sell now or wait until market goes higher in the net year or two. Give the facts, what course of action would a prudent professional recommend to the seller? Selling the property now, as the market appears likely to adjusted downward Renting the property until the market peaks in a few years, then selling it Holding the property for another year, as the market runs in seven year cycles so further appreciation can be expected Holding the property until it reaches the level of appreciation the seller is seeking, as the market will continue to appreciate

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The current real estate market has been booming for the last 5 years and there is still demand for properties, though the market has slowed for both rental and sale analysis of the area’s job market shows a rise in unemployment and stagnant wages, though living costs are still rising. For the last few years the area has welcomed influx of new residents, but this has almost stopped as job opportunities decline. A real estate broker has been asked by a homeowner whether to sell now or wait until market goes higher in the net year or two. Give the facts, what course of action would a prudent professional recommend to the seller?

  1. Selling the property now, as the market appears likely to adjusted downward
  2. Renting the property until the market peaks in a few years, then selling it
  3. Holding the property for another year, as the market runs in seven year cycles so further appreciation can be expected
  4. Holding the property until it reaches the level of appreciation the seller is seeking, as the market will continue to appreciate

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